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US President Donald Trump has periodically spoken by phone with Federal Reserve Chair Kevin Warsh since he took the role, people familiar with the matter said, the latest sign of Trump’s effort to exert greater influence over the central bank.

Trump and Warsh have spoken multiple times since the latter was confirmed in May, with Trump inquiring about Warsh’s forecasts and opinions but not pushing him to take any specific course of action, one of the people said, speaking on condition of anonymity to discuss the private conversations. One person said they speak irregularly, and another said their calls are infrequent. It’s unclear if the two have discussed monetary policy.

“President Trump has repeatedly stressed that he is giving Chairman Warsh the space he needs to restore confidence and competence in Fed decision-making,” White House spokesman Kush Desai said in an emailed statement. “While the President has his First Amendment right as an American citizen and duty as Commander in Chief to voice his thoughts about the Fed, he has also repeatedly reaffirmed Chairman Warsh and the Fed’s independence.

On this episode, Carol Massar and Tim Stenovec speak with:

Mike McKee, Bloomberg TV and Radio International Economics & Policy Correspondent Enda Curran, Bloomberg News Senior Federal Reserve Reporter
Hema Parmar, Bloomberg News Hedge Fund Reporter on Situational Awareness Returns to Investing With $400 Million Bet
Matt Winkler, Bloomberg News Editor-in-Chief Emeritus on 'Follow the Money All the Way to Carney’s Canada
Adam Zambanini, CEO, Trex on earnings, state of manufacturing, competition in the sector, TAM, recyclables and materials/wood-alternative composite decking and residential railing products

See omnystudio.com/listener for privacy information.

Trump Made Calls to Warsh in Latest Sign of Bid to Influence Fed

Bloomberg Businessweek

Trump Made Calls to Warsh in Latest Sign of Bid to Influence Fed