Warsh's potential rate hike could reshape economic strategies, influencing market dynamics and testing the Fed's independence amid political pressures.
Trump wanted lower interest rates, but wish-fed boss Kevin Warsh could now increase them. The decision will be a test for Fed independence and markets.
The US central bank is expected to raise interest rates on Wednesday. Trump will probably scold Chairman Kevin Warsh. But the worrying thing is that the president and his treasury secretary are not in control of the economy