1 of 1
Story summary
- U.S. President Donald Trump joked at a dinner he would sue Kevin Warsh if he does not lower interest rates, praising Warsh as a Federal Reserve nominee.
- Trump has pressed the Fed to cut rates to stimulate the economy, while Jerome Powell warns political influence could harm the Fed's independence, and lawmakers threaten to block Trump's nominees.
- Warsh, once hawkish, now says artificial intelligence (AI) could help manage inflation.
