Trump administration presses Warsh over possible Fed rate rise
CNBC reports intensified pressure on Kevin Warsh ahead of the Federal Reserve’s next meeting, due in about 10 days.
The Trump administration is intensifying efforts to prevent a possible US Federal Reserve interest-rate rise, according to a report by CNBC.
The reported pressure is directed at Kevin Warsh, with the development emerging about 10 days before the Federal Reserve’s next meeting.
The material does not confirm that the central bank plans to raise rates. It also does not identify the officials, communications or measures involved in the reported campaign.
The report leaves open how the Federal Reserve will respond and does not establish that the administration can direct the bank’s policy decision. Investors and institutions are watching the dispute as a potential source of uncertainty for US monetary policy and financial markets.
