Fed Chair Warsh Defends Rate Hike as Essential for Stable Prices and Dismisses Questions on Trump Calls

Federal Reserve Chair Kevin Warsh defended the central bank's recent policy tightening, stating that today's interest rate hike was "the right decision" to ensure stable prices and fulfill previous commitments.
When questioned about President Trump's repeated calls for rate cuts, Warsh declined to comment, stating, "I've got nothing for you."