Trump on Prospect of Warsh Supporting Rate Hikes: 'He'll Do What He Has to Do' -- WSJ
Dow Jones2026/08/31 20:35By Brian Schwartz
President Trump reiterated that he thinks interest rates are too high, but stopped short of publicly calling on Federal Reserve Chairman Kevin Warsh not to raise them.
"I have a lot of respect for him and he'll do what he has to do," Trump told reporters in the Oval Office when asked about the possibility that the Fed will raise rates.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
August 31, 2026 16:35 ET (20:35 GMT)
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
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