In closely watched speech, Warsh signals Fed may need to raise rates - POLITICO
β’ Kevin Warsh signaled in a closely watched speech that the Federal Reserve may need to raise borrowing costs as early as September. β’ Warsh praised the overall performance and resilience of the economy, noting its ability to withstand shocks despite potential rate hikes. β’ 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.
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