Economic TimesLean R·
US Stock Market: Trump backs Warsh as Fed’s hawkish tilt raises rate hike odds
President Trump supports Federal Reserve Chair Kevin Warsh despite policy disagreements. Warsh maintains a cautious stance on monetary easing, differing from Trump's calls. The central bank kept interest rates unchanged at its latest policy meeting. Some Federal Open Market Committee members favored a rate increase due to inflation concerns. Financial markets now anticipate a potential rate hike at the upcoming September meeting.
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