Fed Chief May Need to Defy Trump on Interest Rates

“President Donald Trump’s new Federal Reserve chair, Kevin Warsh, previously argued that the Fed had room to cut interest rates, a message that made him attractive to a president who has long viewed cuts as a top priority,” the Washington Post reports.

“Only weeks into his role as chair, Warsh is confronting rekindled inflation that may eventually force him to do the opposite on rates, defying President Donald Trump, to exercise the Fed’s strongest tool to fight inflation.”