Warsh Set for Showdown with Trump as Fed Faces Pressure to Raise Rates
8 Articles
8 Articles
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.
US inflation is not slowing down, and markets believe that the Federal Reserve will decide to raise interest rates by half a percentage point at tomorrow's meeting. But to do so, Kevin Warsh must dare to oppose Donald Trump.
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
During the meetings that will take place between Tuesday and Wednesday, the Federal Reserve (Fed) could raise the interest rate and, thus, define the course of monetary policy in a complex context, marked by the rise in inflation and the continuity of the war in the Middle East.Kevin Warsh, nominated by Trump for the position of president of the Fed, left the door open to a rise in interest rates in case inflation data does not change.The U.S. p…
Coverage Details
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
