Trump administration gives Fed Chair Warsh breathing room as inflation exceeds 4%
By
Matt Peterson
Summary
The Trump administration is easing pressure on new Federal Reserve Chairman Kevin Warsh to cut interest rates as inflation tops 4%, giving him a temporary political grace period. While President Trump continues to publicly call for rate cuts, his top economic advisors have stopped short of demanding immediate action in recent interviews and writings. The situation highlights the challenging economic environment Warsh faces and the potential pushback if Trump changes his stance.
Source
bskyTrump administration gives Fed Chair Warsh breathing room as inflation exceeds 4%cnbc.comKey quotes
· 3 pulledPresident Donald Trump said as recently as Wednesday that he wants the Fed to cut rates.
That is giving new Fed Chairman Kevin Warsh an extended political grace period as he deals with a challenging economic environment, but underscores the depth of the pushback he could face if the mercurial president changes his mind.
Several of the president's top economic advisors have in recent interviews and writing stopped short of calling for near
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