SMH ·general ·1 hour ago

Trump has handed his man a poisoned chalice

Kevin Warsh took over as Federal Reserve Chair from Jerome Powell on Friday, inheriting an institution constrained by pandemic-era monetary stimulus and current inflationary pressures. Trump-era trade wars and Middle East tensions have pushed inflation toward four percent, making rate hikes more likely than the cuts Trump demands.

Summary by Glance · SMH

Newer
Next