Trump backs Warsh after Fed rate hike, signaling influence on Fed leadership
TL;DR
Stocks rallied as the Fed hiked rates; President Trump criticized the decision but publicly supported former Fed chair Kevin Warsh, reportedly speaking with him before the meeting, fueling speculation that Warsh could influence future policy and a potential shift away from Jerome Powell, underscoring ongoing debate over central-bank independence.
Topics:top-newspolitics-and-government#fed#politics-and-government#powell-independence#rate-hike#trump#warsh
- Trump backs Fed's Warsh following rate hike Yahoo Finance
- Kevin Warsh just defied Donald Trump. Now what? CNN
- Republicans give Warsh room on interest rates politico.com
- Thursday briefing: How the rate hike will affect you; the Kennedy Center closes; gut health; and more The Washington Post
- COMMENTARY: Trump may not see another rate cut as president Reuters
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