President Trump has contacted Federal Reserve Chair Kevin Warsh multiple times since Warsh was sworn in on May 22, 2026. The conversations reportedly cover the economic fallout from the Iran conflict and developments in artificial intelligence, with no confirmed discussions about monetary policy. Warsh, whose term runs through May 21, 2030, disclosed during his confirmation process investments in more than 30 crypto-related projects with assets estimated between $131 million and over $209 million. Trump has publicly stated the US should have the lowest interest rates in the world and called Warsh « fantastic » and « brilliant ». These undisclosed calls raise questions about Federal Reserve independence and their implications for crypto markets.
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