Trump Criticizes Federal Reserve Board as 'Hostile' During CNBC Interview, Details Intel Investment

During an exclusive CNBC interview on Thursday (July 3), President Trump described the Federal Reserve's board as "a little bit hostile," expressing concern that newly appointed Chairman Kevin Warsh may face internal resistance in implementing the administration's monetary policy preferences. Trump stated that the board "wants to do the wrong thing" and could ultimately prevent Warsh from compelling colleagues to adopt desired policy directions.

Trump also outlined his administration's technology strategy, noting that the U.S. government made an $8.9 billion investment in Intel common stock last August, securing a 10% stake to address the company's semiconductor production challenges. When asked about a potential government stake in OpenAI, Trump did not respond. Separately, Trump expressed confidence that Elon Musk will donate SpaceX stock to Trump Accounts, a new investment platform for American minors launching on July 4.