Warsh Defies Trump’s Calls for Rate Cut as War Stokes Inflation - Bloomberg.com
Kevin Warsh is resisting pressure from Donald Trump to cut interest rates, citing concerns over inflation and economic growth. Warsh previously advocated for a technological revolution to drive economic expansion.
Why it matters
The tension between political pressure and central bank independence is a critical factor in shaping future U.S. monetary policy.
A year ago, when Kevin Warsh was angling to lead the Federal Reserve, he called out the…
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