Financial Times: For years, Trump piled pressure on Warsh’s predecessor as Federal Reserve chair, Jay Powell, to lower rates. Since he appointed Warsh earlier this year, the US president has renewed his calls.
But Warsh made it clear in his speech at the Jackson Hole gathering of economists and central bankers on Friday that “concerning” inflation numbers mean “the Fed’s predominant focus right now should be on prices”.
Any rate rise would put Warsh squarely in Trump’s crosshairs, analysts said…