Amid elevated uncertainty caused by the Middle East conflict, Donald Trump has called for interest rate cuts and nominated Kevin Warsh to replace Jerome Powell at the Fed.
17 reports, 3 independent
Updated Sep 17
Gone quiet
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- 17
- Developments
- 2
- Repetition
- 88%
New informationRepeats or wire copies
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What happened
Amid elevated uncertainty caused by the Middle East conflict, Donald Trump has called for interest rate cuts and nominated Kevin Warsh to replace Jerome Powell at the Fed.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Interest rate hikes test Warsh's relationship with Trump.1 source
Trump pushes for Fed leadership change (Powell to Warsh) to address national security concerns linked to Middle East instability.1 source
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The entities involved
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
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Jerome Powell
president of the FED
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national security
defense and maintenance of a state through use of all powers at the state's disposal
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
Related events
- Trump pressured the Fed regarding interest rate policy, while Fed Chair Warsh led meetings amid discussions that oil deals with Iran could cool inflation.
- Donald Trump nominated Warsh to lead the Federal Reserve (FED) on June 17, 2026.
- Trump appoints the Fed Chairman while pushing for lower rates, leading to a clash with Treasury Secretary Bessent.
- Trump sought lower interest rates from the Fed, while the war with Iran caused disruptions to vital energy shipping.
- Amid Middle East conflict causing uncertainty, Trump pressured the FED to lower rates, but Powell resisted the calls.