Fed chair nominee Kevin Warsh could crush Trump’s rate-cut hopes and risk suffering the same level of abuse that Powell got, analysts say
President Donald Trump’s pick to lead the Federal Reserve is just one vote on the rate-setting committee, potentially setting up Kevin Warsh for a no-win situation that will incur the wrath of the White House, analysts said.
The central bank voted 10-2 Wednesday to keep rates steady, and outgoing Fed Chair Jerome Powell indicated there was broad support for that stance among voting and non-voting members on the Federal Open Market Committee.
So even though Warsh has expressed...