In closely watched speech, Warsh signals Fed may need to raise rates - POLITICO
• Kevin Warsh signaled in a closely watched speech that the Federal Reserve may need to raise borrowing costs as early as September. • Warsh praised the overall performance and resilience of the economy, noting its ability to withstand shocks despite potential rate hikes. • The move could create tension with President Donald Trump, who previously targeted Jerome Powell for resisting rate cuts, though Trump may grant Warsh more leeway.
politico.com
