… of borrowing cheaper for businesses, to avoid more layoffs and make it cheaper for Americans who are worried about paying their mortgages or credit cards. But not Mr. Warsh. Nope. He wanted to keep interest rates high, and he sang the same song for more than a decade, even as the economy struggled. When the job of Fed chair became available during Trump's first term as president, Warsh held on to his high interest rate inflation, hawk views, and Trump passed him by. (04:17–04:27)
CLAIM
Asserts that Warsh consistently advocated for high interest rates despite economic struggles.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
