Source: New York Post
If Federal Reserve Chairman Kevin Warsh can’t cut interest rates, how will he appease President Trump, who gave him his new job to sharpen his ax and do precisely that? Try changing the subject. That’s the word from Fed watchers – including those who know Warsh well – who have been mapping out what they believe he will do after officially taking over as head of the nation’s central bank on Friday. Warsh’s predicament will be on full display on Friday at the White House, as Trump, who famously replaced Jerome Powell over the latter’s refusal to slash rates, will be presiding over Warsh’s swearing in as chairman.
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