Fed gridlock threatens Trump's Wall Street deregulation push
TL;DR
Dissent within the Federal Reserve over deregulation is slowing its decision-making and could complicate Kevin Warsh’s Senate confirmation as the next Fed chair, potentially hindering President Trump’s Wall Street deregulation agenda. Warsh says he would maintain Fed independence on interest rates while allowing more administration influence on regulation, a stance that could exacerbate intra-Fed splits and affect regulatory moves tied to Trump’s priorities.
Topics:businesseconomy#donald-trump#economy#federal-reserve#government-appointments-and-nominations#kevin-warsh#monetary-policy
- A split within the Fed impedes Trump’s deregulation of Wall Street The Washington Post
- Despite Trump’s Demands, His Fed Pick Is Unlikely to Get a Quick Rate Cut The New York Times
- Will Kevin Warsh Trumpify the Federal Reserve? The Economist
- Doubts persist about whether Fed chair nominee Warsh will be independent, CNBC survey finds CNBC
- Senate panel to vote on Wednesday on advancing Fed chair Warsh's nomination Reuters
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