Warsh Caught Between Rate Hike, Trump Cut Demands — SkimNews
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- Kevin Warsh faces a tricky position as the Fed's September meeting begins, with rising expectations of an interest rate hike clashing against Trump's demands for cuts.
- Warsh gave himself wiggle room for a rate hike in late August, leaving the door open to tightening despite political pressure from the White House.
Why it matters: The September meeting is the first major test of Warsh's leadership under conflicting forces: inflation pressures point toward a hike while Trump publicly demands the opposite. By giving himself 'wiggle room' in late August rather than committing, Warsh keeps both markets and the White House guessing heading into the decision.
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