Trump says Fed Chair Warsh faces a difficult board, rates too high

Trump's public framing of the Fed chair as constrained by a difficult board is the notable part: it signals that pressure on monetary policy is being applied through the chair rather than against him, while the vote of confidence keeps Warsh inside the tent. For crypto and RWA markets, the relevant channel is the rate path, not the personnel drama — persistent presidential commentary on rates too high can shape how policy easing is priced. Whether that commentary translates into actual board consensus, and whether Warsh is seen as independent or aligned with the White House, is the open question.