Warsh Faces Inflation Pressure as Fed Might Raise Rates Over Trump's Wishes
TL;DR
Trump’s new Federal Reserve chair Kevin Warsh faces a dilemma as inflation sits at a three-year high and the president expects lower borrowing costs; at his first policy meeting, Warsh may have to raise interest rates to curb inflation, testing the Fed’s independence and his alignment with Trump.
Topics:businesseconomy#central-bank-interest-rates#donald-trump#economy#federal-reserve-system#inflation#monetary-policy
- Trump’s new Fed chief may soon have to raise interest rates The Washington Post
- Kevin Warsh Catches an Inflation Break at the Fed Bloomberg.com
- The Federal Reserve must soon give Donald Trump bad news The Economist
- Kevin Warsh’s narrow path to success as Fed chair Financial Times
- Bondholders Want Fed to Focus on Inflation. Warsh Ignores Them at His Peril. Barron's
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