Rate Hike Showdown: Fed's Warsh vs. Trump

📡 Bloomberg Markets 4d ago · 1 min read ·

Part of composite article Fed Set to Hike Rates to 3.75% as Warsh Faces Trump Showdown and 92% Market Certainty View full article →

The Federal Reserve is under growing pressure to raise interest rates this week to fight high inflation. This puts Chairman Kevin Warsh on a collision course with US President Donald Trump, who has repeatedly pushed the central bank to cut rates instead. Bloomberg MLIV's Mark Cranfield previews Wednesday's decision. He also looks at what to expect from the Bank of England and the Bank of Japan.