Framing Analysis
Donald Trump expressed support for Kevin Warsh as a potential Federal Reserve Chairman and stated that the United States should have the lowest interest rates in the world during remarks on Air Force One. The comments occurred two days before an FOMC interest rate decision where markets priced in a high probability of no change and roughly a one-in-three chance of a quarter-point hike. Multiple Fed officials, including voting member Lorie Logan, have cited concerns over persistent inflation.