Trump Affirms Opposition to Rate Hikes, Cautions Kevin Warsh Nomination, Seeks Lisa Cook's Removal

On February 5, former President Donald Trump articulated his views on Federal Reserve policy, stating he would not consider Kevin Warsh as his nominee for Fed chair if Warsh advocated for interest rate increases, as reported by BlockBeats. Trump asserted that a rate cut by the Federal Reserve is inevitable, emphasizing that current interest rates are "too high" and that the U.S. has "once again become a wealthy nation." Furthermore, Trump is pursuing the removal of Federal Reserve Governor Lisa Cook for "good cause," citing alleged mortgage-fraud involvement, a case currently before the Supreme Court. During a House Financial Services Committee hearing, U.S. Treasury Secretary Scott Bessent acknowledged the Fed's independence but noted the President's capacity for intervention.