Name: Sen. Reed Criticizes Warsh on His Comments on Independence From Trump
Uploaded: 2026-04-21T18:47:00Z
Duration: 1 min 20 s
Description: Sen. Jack Reed, a Democrat from Rhode Island, grilled President Trump’s pick, Kevin Warsh, to become Fed Chair.

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Sen. Jack Reed, a Democrat from Rhode Island, grilled President Trump’s pick, Kevin Warsh, to become Fed Chair. Photo: Samuel Corum/Bloomberg News;Jose Luis Magana/AP

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Sen. Jack Reed, a Democrat from Rhode Island, grilled President Trump’s pick, Kevin Warsh, to become Fed Chair.

Sen. Reed Criticizes Warsh on His Comments on Independence From Trump

President Trump constantly maintains that nobody's independent of him, that it's his morality that guides the whole United States government, including the Federal Reserve, and that you'll be someone who will carry out his wishes. Frankly, do you suspect that he chose you because you indicated to him that you want to cut rates?

Senator, I don't know the reason for the President's choice, but I can tell you what I've been writing about for 15 years and what I said to the President, which is-

"I'll cut rates if you gimme the job."

No, that's not what I said, Senator. Now, the President, as you might know, much like virtually all presidents I've either known or studied, Presidents tend to be for cutting rates. I think the difference is President Trump expresses it quite publicly without surrogates or subterfuge, but Presidents want lower rates. But fed independence is up to the Fed. Fed leadership has to make a decision about what's the right thing to do. And my judge,

You are a leader. You are the leader. You establish the moral and ethical standards and economic principles of the Fed, and you just pass it off to, well, you know, it's not my job, it's everybody's job. That means it's nobody's job. Thank you.