The Uncomfortable Truth Behind Warsh's Decision The Federal Reserve's decision to hike interest rates this week is being met with a mix of expectations and anxiety, not just from markets but also from the White House.
President Trump's policies have contributed significantly to the Fed's dilemma, putting pressure on the central bank to raise rates despite its efforts to maintain independence.
Warsh, hand picked by Trump as Fed Chairman, finds himself in the unenviable position of having to hike rates due in part to the very policies his patron has championed.