Posts
avatar

Trump spent months attacking the Fed for keeping rates too high, but after it raised them Wednesday, he cast himself as having blessed it in a call to Fed Chairman Kevin Warsh in the days before the decision. The truce is the clearest sign yet that Warsh has, for now, reset a relationship in which the White House treated the central bank as an adversary. The risk is that it lasts only until the Fed raises rates again. Trump's account of a hostile committee could leave investors wondering whether Warsh is leading the Fed or being carried along by it. Some observers see a face-saving exercise by Trump while others wonder about a dangerous equilibrium: A White House that actually believes the increase, and any that follow, are being forced on Warsh could invite the administration to attempt to remove officials it thinks are obstructing him. w/@schwartzbWSJ https://t.co/UX6F2UmQF6

This content is for informational and educational purposes only. It may include third-party insights, sponsored content, or promotional material for which the creator may receive compensation. Nothing in this feed constitutes investment advice or a guarantee of returns. You are solely responsible for your own investment decisions. Always conduct your own research and exercise caution before trading. We do not guarantee the accuracy of third-party information and are not liable for any losses incurred. Past performance is not indicative of future results. Please refer to our Community Terms and Risk Disclosure Statement for details.

avatarPost your reply

Comment