Trump, Warsh and Federal Reserve
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If confirmed, Trump’s Fed-chair nominee would face several treacherous balancing acts.
Kevin Warsh’s long-held desire to slash the Federal Reserve’s balance sheet is likely to clash with Donald Trump’s relentless calls for the central bank to depress long-term borrowing costs, big fund managers have said.
Mr. Warsh is known as a consensus builder, skills he will need if he is to head the Federal Reserve when President Trump is demanding rock-bottom rates.
By Andrea Shalal WASHINGTON, Jan 30 (Reuters) - Kevin Warsh, President Donald Trump's pick to head the Federal Reserve, has earned over $1 million since 2020 as a member of the board of e-commerce company Coupang,
Never mind Kevin Warsh's views on interest rates. There's a different reason he got the nod from President Donald Trump to replace Jerome Powell at the Fed as chair, says a Wall Street economist. "The