President Donald Trump Claims Kevin Warsh Will "Do What He Has to Do" Over Interest Rates, but Keeps Throwing the Fed Under the Bus
3 Articles
3 Articles
President Donald Trump Claims Kevin Warsh Will "Do What He Has to Do" Over Interest Rates, but Keeps Throwing the Fed Under the Bus
Fed Chair Warsh has escaped direct criticism from the president thus far -- but the Federal Open Market Committee (FOMC) hasn't been as lucky.
The market gives 67% chance of a rise this month but many economists postpone it to December, after the elections and waiting for stronger inflation indicators
Trump Wanted a Dove at the Fed. Warsh Just Priced In a Rate Hike Instead
Donald Trump spent the better part of two years pushing to install a Federal Reserve chair who would cut interest rates on command. On Monday, standing in the Oval Office, he got a preview of how that bet is actually playing out: asked whether he objected to Kevin Warsh entertaining a rate hike, Trump said he hadn't discussed rates with his own appointee and wouldn't try to talk him out of one. "I have a lot of respect for him, and he's going to…
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