Trump Picked Warsh for Rate Cuts, US Markets Got the Opposite
Kevin Warsh wrapped up his first Federal Reserve press conference on June 17 and made one thing unmistakably clear: price stability comes first. The S&P 500 fell 1.2% on the day, the worst “Fed day” performance for any new chair since 1994. President Donald Trump nominated Warsh after months of publicly demanding rate cuts from...
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