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Warsh Must Confront Risks of Dissenting in His First Fed Vote
Financial Post
1 day ago
Bearish
When Kevin Warsh hosts his first meeting as the new chair of the Federal Reserve, he’ll face an immediate dilemma: Stare down White House demands for immediate interest-rate cuts, or stare down fellow policymakers who remain skeptical of the need to ease.
His dovish case would be bolstered if there were renewed weakness in the labor market, or if inflation starts to show clear progress toward the Feds 2% target. Yet those arent the signals the economy… [+2226 chars]
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