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Trump says he will defer to Warsh on rate hike before midterm elections

EXCLUSIVE — President Donald Trump said he will defer to Federal Reserve Chairman Kevin Warsh on the possibility of the central bank raising interest rates before the midterm elections. The Washington Examiner spoke with the president by phone Friday morning and pointed out that markets are pricing in about a 70% chance that the Fed will raise interest rates before the November elections. “There should be a reduction, but I’ll go with the chairm…

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Washington Examiner broke the news in Washington, United States on Friday, July 10, 2026.
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