Trump tells new Fed chair Warsh to “do whatever you want” at White House swearing-in — markets interpret the remark cautiously
President Trump told newly sworn-in Federal Reserve chair Kevin Warsh to “do whatever you want” at the White House ceremony on May 19, 2026 — a remark markets interpreted as either a genuine grant of independence or a public distancing maneuver. Warsh takes over with 3.8% inflation, 30-year Treasury yields at a 19-year high, and his first rate decision scheduled for June 16–17.
