Federal Reserve President Considers Inflation "Concerning" and Indicates Interest Rates May RisePhoto by Julio Lopez on Pexels
Business

Federal Reserve President Considers Inflation "Concerning" and Indicates Interest Rates May Rise

CNN Portugal28 August 2026 at 15:55

The president of the United States Federal Reserve considered inflation "concerning" and indicated that interest rates may rise. Kevin Warsh was chosen by President Donald Trump to replace Jerome Powell at the helm of the Fed. The decision comes after constant criticism from Trump of interest rates in the country, which he considers too high. Warsh is seen as a choice aligned with the Trump administration's interests.

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