POPA ReconFED’S WARSH FACES INDEPENDENCE TEST
FED’S WARSH FACES INDEPENDENCE TEST Fed Chair Kevin Warsh faces a credibility test as markets weigh whether he will hike rates despite President Trump’s push for lower borrowing costs. Macquarie says Warsh could position himself as a “reluctant hawk”, but intensifying White House pressure on Fed officials could ultimately force him to choose between political alignment and central-bank independence. (@WalterBloomberg)
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