Trump Backs Warsh as Fed Moves Toward Hike Trump Never Asked For
Trump calls Warsh brilliant as markets price a 60% chance of a September rate hike.
- The Trump administration escalated pressure on Federal Reserve Chairman Kevin Warsh to lower interest rates ahead of the September 15-16 meeting, urging the central bank to avoid a rate hike.
- President Donald Trump nominated Kevin Warsh in January expecting lower interest rates, yet Warsh signaled a possible rate hike at the Jackson Hole symposium last week.
- Markets price a 60 percent chance of a hike following a strong August jobs report adding 162,000 jobs, while Warsh noted 54 percent of price components rose over 3 percent.
- Escalating rhetoric Friday, Trump threatened to halt trade with nations running surpluses against the U.S. if the Fed hikes rates, while senior economic counselor Peter Navarro warned such moves would be "careless."
- Fed officials await the upcoming CPI report as a critical gauge to decide whether the central bank hikes or holds rates in eleven days.
13 Articles
13 Articles
Trump chose Warsh because he believed he was an ally. He can discover on September 16 that he inadvertently chose a real central banker.
Ringgit ends lower against greenback as US rate hike debate persists
KUALA LUMPUR: The ringgit finished lower against the greenback on Friday as the market closely monitors the ongoing debate regarding interest rate hikes in the US.This comes ahead of the Federal Open Market Committee meeting scheduled for Sept 15 and 16. The US Federal Reserve (Fed) has kept interest rates unchanged so far in 2026, but hawkish remarks by Fed chair Kevin Warsh at the Jackson Hole symposium have increased expectations of a rate hi…
Bitcoin Falls to $78.4K as Fed's Warsh Downplays Soft Inflation Data
The token had entered the week riding its best August since 2017, up more than 23% over the prior 30 days, before Warsh's hawkish tone reversed risk sentiment across digital assets. Total crypto market capitalization fell 2.Read more...
Last week, I was asked by investors, "Will the Fed really raise interest rates again?" after Kevin Warsh, the new chairman of the Federal Reserve (Fed), delivered a key speech at the annual academic seminar in Jackson Hole, Wyoming, using "hawkish" language... Read the original news: When the Fed chairman raises interest rates with words
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