FED’S WARSH FACES INDEPENDENCE TEST Fed Chair Kevin Warsh faces a credibility test as markets weigh whether he will hike rates despite Pres…
FED’S WARSH FACES INDEPENDENCE TEST
Fed Chair Kevin Warsh faces a credibility test as markets weigh whether he will hike rates despite President Trump’s push for lower borrowing costs.
Macquarie says Warsh could position himself as a “reluctant hawk”, but intensifying White House pressure on Fed officials could ultimately force him to choose between political alignment and central-bank independence.