Warsh puts Fed on collision course with Trump ahead of midterms
4 Articles
4 Articles
(New York = Yonhap News) Correspondent Lim Soo-jung = Federal Reserve Chairman Kevin Warsh put inflation concerns front and center in his Jackson Hole speech, making his most clear...
Federal Reserve Chair Kevin Warsh expressed his intention to raise interest rates, prioritizing price stability. This clashes with President Donald Trump's calls to cut rates to stimulate the economy, and market tension is rising regarding the future direction of the Fed's monetary policy ahead of the November midterm elections.
At the Jackson Hall meetings, US Federal Reserve Chairman Kevin Warsch suggested that interest rates could be raised in future periods in contravention of the reduction in borrowing costs desired by President Donald Trump's administration. The newspaper The Financial Times said that the Warch might be or suspected at the Central Banks Forum in the Wyoming State of Jackson Hall, offering Donald [...] experts: "Federable workshops are pushing for …
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