Warsh Defies Trump as Fed Delivers First Rate Hike in Three Years
TL;DR Summary
Fed Chairman Kevin M. Warsh joined colleagues in unanimously raising borrowing costs—the first rate increase in three years—despite President Trump’s push for cuts; Trump blasted the Fed but spared Warsh, highlighting Warsh’s independence and a governance dynamic at the heart of U.S. economic policy.
Topics:business#central-bank-independence#donald-trump#economy#federal-reserve#interest-rates#kevin-warsh
- Fed Chairman Escapes Trump’s Public Ire Over Interest Rate Increase The New York Times
- Trump says he told Warsh to vote for hike with the rest of Fed board: 'It's not going to matter' CNBC
- Warsh Defies Trump’s Calls for Rate Cut as War Stokes Inflation Bloomberg.com
- Kevin Warsh, an angry Trump and Jerome Powell Déjà vu: how history is repeating itself Fortune
- White House Aide Rips Trump’s Econ Official as ‘Not MAGA’ The Daily Beast
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