No. 1736Independent rewrite deskUpdated September 17, 2026

Financial News
& Market Press Releases

WORLDTrump reaffirms confidence in Fed's Warsh, presses for rates at 1% or lowerSep 17CRMSnap's Spectacles workplace push draws Salesforce (CRM) and Nvidia (NVDA) into the stackSep 16DEALSFSU moving-truck rumor collapses as Norvell's nearly $50 million buyout stands unchangedSep 16WORLDTrump demands 1% rate after Fed's first hike since 2023Sep 16EARNINGSJ.B. Hunt shares sink 13% on third-quarter earnings warningSep 16DEALSLumson acquires Lombardi's US and Asia packaging operations in three-continent pushSep 16MACROGundlach calls for a bigger Fed move as inflation stays in focusSep 16EARNINGSBaker Mayfield loses the Michigan bet, faces former Browns on a $165 million weekSep 16MACRO10-year Treasury yield holds near 5% after Fed hike and Warsh inflation warningSep 16EARNINGSA $62 Million Inventory Build Is Behind the Gap in Credo Technology Group's Adjusted Profit and Free Cash FlowSep 16WORLDTrump reaffirms confidence in Fed's Warsh, presses for rates at 1% or lowerSep 17CRMSnap's Spectacles workplace push draws Salesforce (CRM) and Nvidia (NVDA) into the stackSep 16DEALSFSU moving-truck rumor collapses as Norvell's nearly $50 million buyout stands unchangedSep 16WORLDTrump demands 1% rate after Fed's first hike since 2023Sep 16EARNINGSJ.B. Hunt shares sink 13% on third-quarter earnings warningSep 16DEALSLumson acquires Lombardi's US and Asia packaging operations in three-continent pushSep 16MACROGundlach calls for a bigger Fed move as inflation stays in focusSep 16EARNINGSBaker Mayfield loses the Michigan bet, faces former Browns on a $165 million weekSep 16MACRO10-year Treasury yield holds near 5% after Fed hike and Warsh inflation warningSep 16EARNINGSA $62 Million Inventory Build Is Behind the Gap in Credo Technology Group's Adjusted Profit and Free Cash FlowSep 16

NewsWorld

Trump reaffirms confidence in Fed's Warsh, presses for rates at 1% or lower

A demand for interest rates at 1% or lower is in focus after President Donald Trump said he retains confidence in Federal Reserve Chair Kevin Warsh while pressing the central bank to cut. The statement carries a condition Trump has previously attached: if the Fed does not act, he has threatened to sever trade with countries running surpluses against the United States.

By Grant HalloranNewsroomSeptember 17, 20262 min read

President Donald Trump said he retains confidence in Federal Reserve Chair Kevin Warsh while pressing the central bank to cut interest rates.
Trump's stated rate target is 1% or lower.
Trump has threatened to sever trade with any country running a trade surplus against the United States if the Fed does not act.
Trump's public endorsement of Warsh and his hard rate demand appear in the same statement, and neither cancels the other.
The next confirmable signal would be a rate decision from the Federal Reserve or a formal trade action against surplus countries.

Trump's rate target of 1% or lower is his own stated figure. The trade cutoff threat is categorical. Any nation holding a surplus against the U.S. falls within the scope of that prior warning as Trump framed it. Confidence in Warsh and a hard rate demand now sit in the same statement, and neither cancels the other.

Warsh holds the chair at the Federal Reserve. Trump's public endorsement of him arrives alongside a demand that the institution he leads move in a direction Trump has prescribed.

The next confirmable signal is a rate decision from the Federal Reserve or any formal trade action against surplus countries. Trump's 1% floor and the trade cutoff condition are both on the record, and the setup stays open until one of them moves.

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Frequently asked

What interest rate is Trump demanding?

Trump is demanding interest rates at 1% or lower, a figure he stated himself.

Does Trump still support Fed Chair Kevin Warsh?

Yes, Trump publicly reaffirmed his confidence in Warsh, who holds the chair at the Federal Reserve, even while demanding the institution cut rates.

What has Trump threatened if the Fed does not cut rates?

He has threatened to sever trade with countries running trade surpluses against the United States.

Which countries fall under Trump's trade cutoff threat?

Any nation holding a trade surplus against the U.S. falls within the scope of that warning as Trump framed it.

What would be the next clear sign of movement in this situation?

A rate decision from the Federal Reserve or a formal trade action against surplus countries would be the next confirmable signal.