U.S. President Donald Trump recently clarified media reports alleging frequent communications between him and Federal Reserve Chair Kevin Warsh, confirming that the two had only a brief exchange a few days ago. This statement directly addresses external speculation about the White House excessively interfering in the central bank's operations.

Although Trump has previously broken convention on multiple occasions by publicly commenting on interest rate policy and expressing his desire for rate cuts, he simultaneously emphasized that the Fed Chair possesses the power to make independent decisions. He pointed out that the formulation of monetary policy is not dictated solely by the Chair, but requires collective discussion and decision-making by the committee.

Trump's continuous pressure on the Federal Reserve has sparked market concerns about the erosion of the central bank's independence. In recent years, it has been extremely rare for a U.S. president to maintain direct and close contact with the head of the Federal Reserve. Since the beginning of Trump's new term, he has held only one routine meeting with former Fed Chair Jerome Powell. Historical experience shows that excessive political intervention in monetary policy often brings negative consequences; the overly close relationship between President Richard Nixon and Fed Chair Arthur Burns in the 1970s is widely considered a major driver of the severe inflation the U.S. experienced at the time.

While monitoring interest rate trends, Trump has also recently attempted to push for the dismissal of Fed Governor Lisa Cook, who is serving a long term. This move has further intensified market discussions regarding the Fed's independence. Meanwhile, the communication channels within the Federal Reserve remain operational. Warsh's June schedule indicates that he met with U.S. Treasury Secretary Scott Bessent three times, continuing the tradition of regular exchanges on macroeconomic issues between the two parties.