Published: · Region: Global · Category: markets

Trump’s Direct Line to Fed Chair Warsh Tests Boundary Between War Policy and Monetary Independence

Donald Trump has maintained frequent, direct contact with Federal Reserve Chair Kevin Warsh, discussing the Iran war and artificial intelligence in a departure from recent norms that kept presidents at arm’s length from the central bank. The conversations reportedly avoid explicit talk of interest rates, but the channel blurs lines between monetary independence and wartime economic strategy.

In the middle of a shooting war with Iran and a rapid acceleration in artificial intelligence, President Donald Trump has opened an unusually direct channel to the one U.S. official who can move global markets with a sentence: Federal Reserve Chair Kevin Warsh. People familiar with their interactions say the two men have been in frequent contact since Warsh’s appointment, discussing broad economic conditions and the war’s fallout — a pattern that revives questions about how separate the White House and the central bank really are. According to those accounts, Trump and Warsh have talked about the economic impact of the Iran conflict, the disruptive potential of AI, and broader…

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