Warsh Likely to Side with Financial Markets over Trump as Fed Rate Hike Expected – WTOP News
Kevin Hassett said Trump would defend the Fed chair’s independence as economists expect a quarter-point hike that would be the first in three years.
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Warsh likely to side with financial markets over Trump as Fed rate hike expected – WTOP News
WASHINGTON (AP) — Barely four months into the job, Federal Reserve Chair Kevin Warsh is stuck between two strong and opposing forces: Financial markets that anticipate the central bank will raise interest rates, and President Donald Trump, who wants the Fed to cut them or leave them unchanged. Economists expect that on Wednesday, Warsh and his fellow policymakers will side with the markets. Warsh, economists say, has largely boxed himself into a…
Warsh likely to side with financial markets over Trump as Fed rate hike expected
WASHINGTON (AP) — Barely four months into the job, Federal Reserve Chair Kevin Warsh is stuck between two strong and opposing forces: Financial markets that anticipate the central bank will raise interest rates, and President Donald Trump, who wants the Fed to cut them or leave them unchanged.
Ahead of the Fed's crucial interest rate decision, a statement regarding monetary policy came from the White House. The statement came from Kevin Hassett, the Director of the National Economic Council and the highest-ranking White House official responsible for economic policy. The White House...
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