President Trump Addresses Reports of Calls with Fed Chair Warsh Amid Independence Concerns

• President Trump confirmed “one time, brief” call with Fed Chair Warsh.
• Disputes WSJ report of frequent contact since May 22, 2026.
• Raises concerns about Fed independence and market confidence.

Reports from the Wall Street Journal indicated President Donald Trump had frequent informal contact with Federal Reserve Chairman Kevin Warsh since Warsh’s appointment on May 22, 2026. President Trump subsequently denied these reports, stating he had spoken with Chairman Warsh “one time, briefly, a few days ago.” These exchanges have prompted market questions regarding the perceived independence of the Federal Reserve, a dynamic that could influence investor confidence in future monetary policy decisions and potentially introduce a political risk premium. Sources, however, maintain that discussions about interest rates have not occurred since Warsh’s confirmation.