The Guardian Australia – Business
·business
·3 hours ago
Kevin Warsh struggles to persuade Fed board on interest rate cuts
Donald Trump’s nominee for Federal Reserve chair, Kevin Warsh, faces challenges in persuading the board to lower interest rates. Warsh, called a 'central casting' choice by Trump, is unlikely to sway most committee members who are not aligned with the president. With inflation rising above 3%, his proposals remain contentious and difficult to implement.
Summary by Glance · The Guardian Australia – Business
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