President Trump isn’t giving up on Federal Reserve Chairman Kevin Walsh following the interest rate hike.
The Fed board voted unanimously on Wednesday to raise interest rates from 3.75% to 4.00% despite the president’s threat to stop trade with “countries with which we have a deficit” if they did.
Trump had demanded the board lower rates following a strong August jobs report; the president told reporters the move was political.
WOW! President Trump reveals he told Fed Chair Kevin Warsh to vote WITH the Board to raise interest rates because 47 knows his single vote opposing wouldn’t accomplish anything
“We should be paying the LOWEST rates anywhere in the world!”
“He’s got a very tough Board…I… pic.twitter.com/jdPQ7A1FJF
— Eric Daugherty (@EricLDaugh) September 16, 2026
“I do. I mean, I’m relying on Kevin, but he’s got a very tough board,” Trump told reporters in North Carolina.
“I told Kevin, I said, ‘You might as well vote with the board because it’s just not going to matter.’ The board is very hostile. They’re very political. They’re doing the wrong thing. They’re a bunch of politicians.”
“No matter how good a job, he’s got a hostile board,” Trump continued. “They’re raising that only for political reasons, and that’s a raise against Trump.”
Plenty of X users agreed with Trump, noting the timing of the hike before the midterms.
In September 2024, less than seven weeks before the presidential election, the Fed handed the incumbent Democratic administration an unusually large half-point rate cut.
Even though Powell admitted that the economy was growing at a solid pace. He said the labor market remained…
— Insurrection Barbie (@DefiyantlyFree) September 16, 2026
In 2024, the Powell Fed cut 50bps 2 months before the presidential election with core CPI at 3.3%
In 2026, the Warsh Fed hikes 25bps 2 months before the midterms with core CPI at 2.4%
— The Donald, Spokane (@morgancap) September 16, 2026
This is why nothing ever get done everything is politicized 2024 they cut the rates 3 different times for Biden & Harris in a shit hole economy they could have cut rates months ago they just don’t want to because midterms are coming up and they want to make GOP & Trump look bad
— Beyan Kekula (@anthonykekula) September 16, 2026
