Trump pressures the Fed: Warsh should have voted against a rate hike; the problem lies with a "hostile" committee.

U.S. President Donald Trump said Federal Reserve Chairman Kevin Warsh should have voted against last month's rate hike, but added that he does not blame Warsh for the central bank's decision. "I don't blame Kevin Warsh. If I were him, I probably would have voted against the committee," Trump said in an interview. Trump has long pressured the Fed to lower borrowing costs, but the Fed resisted his pressure last month, voting to raise rates by 25 basis points and projecting another hike later this year, measures aimed at curbing inflation. The vote was unanimous. Trump had sharply criticized Warsh's predecessor, Jerome Powell, for failing to cut rates more aggressively, but he has consistently maintained that he still has confidence in the chairman he personally chose, instead directing his ire at what he calls a politically motivated board. "It's become very political. I don't blame you, Kevin. I think it's terrible. Unfair," Trump said in the interview. "We have a hostile committee, and the board says, 'We want to hurt Trump.' They're not doing it for you. They're doing it because they have Trump derangement syndrome," he added.