New Delhi, Sept. 3 -- President Donald Trump has made it clear that he wants lower interest rates, but his latest comments won't stop the Federal Reserve from hiking.

The administration's core mandate remains lower interest rates, with Treasury Secretary Scott Bessent going as far as doubling long-term debt buybacks as yields surged last month. But Trump appears largely willing to give Fed Chairman Kevin Warsh some breathing room for now.

"I have a lot of respect for [Warsh] and he'll do what he has to do. I think our interest rates are too high," Trump said Monday when asked about Warsh potentially raising interest rates. "We should have the lowest interest rates in the world.Some day I think we'll be able to convince people of that."...