U.S. President Donald Trump is publicly pressuring the Federal Reserve to cut interest rates, specifically targeting Kevin Warsh, whom he personally appointed as Fed Chair in March 2026. The Fed maintained its rates in a range of 3.5% to 3.75% during Warsh’s first monetary policy meeting on June 17, 2026. This situation arises as inflation remains stubbornly above 4%, well above the institution’s 2% target. Bitcoin briefly dropped to approximately $64,800 before stabilizing around $65,300 after the rate hold announcement. Economists speculate that Warsh could oversee aggressive easing of up to 100 basis points over the course of 2026.
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