'Warsh Fooled Trump' and the Market Is Already Reacting
Trump expressed confidence in Kevin Warsh after the Federal Reserve held rates steady and projections showed nearly half of officials expect a hike this year.
9 Articles
9 Articles
'Warsh Fooled Trump' and the Market Is Already Reacting
The post ‘Warsh Fooled Trump’ and the Market Is Already Reacting appeared first on 24/7 Wall St.. Markets spend a lot of time trying to predict what central bankers will do next. Sometimes they get it right. Other times they build an entire narrative around an assumption that turns out to be wrong. That appears to be happening with Federal Reserve Chair Kevin Warsh. When President Trump nominated him to lead the central bank, many investors imme…
The new head of the US Federal Reserve makes it clear that he wants to reduce inflation to two percent. Donald Trump is disappointed. Hosts Warsh's course and challenges in the US economy are discussed with former Fed economist Volker Wieland.
For his first meeting at the head of the US central bank, Kevin Warsh announced a status quo, while making it clear that he would not let inflation go. Markets think he was willing to raise rates, contrary to what Donald Trump hoped when he named him.
The US Federal Reserve has agreed to maintain the key interest rate. Kevin Warsh does not meet the US President's demands for a cut in interest rates.
The new chairman of the US central bank, nominated by the president, held his first press conference on Wednesday. It did not concern the lower interest rates so desired by President Trump.
Coverage Details
Bias Distribution
- 43% of the sources are Center, 43% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
