The claim
“Kevin Warsh said Donald Trump never asked him to commit to any particular interest rate decision, and that he would not have agreed if asked.”
At his Senate Banking Committee confirmation hearing for Fed chair.
Our verdict
True
Warsh told senators: 'The president never once asked me to commit to any particular interest rate decision, period.'
What we found
Answering Senator John Kennedy, Warsh said Trump had never sought a rate commitment and he would not have given one. Senator Ruben Gallego cited Wall Street Journal reporting that Trump urged him to cut rates; Warsh said the reporters needed better sources. We rate only whether he said it: he did.
The evidence
1 of 2 sources support the claim; none contradict it.
How we checked
We checked the claim against News Tribune (AP), WAFB (Gray News). We reviewed 2 relevant sources.
Sources
- [1]News Tribune (AP) · Warsh says he made no rate cut promises to Trump
- [2]WAFB (Gray News) · Fed nominee Kevin Warsh faces fiery confirmation hearing
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