Trump's Fed Pick Warsh Faces Collision Course with President as Rate Hike Nears

Kevin Warsh, the Federal Reserve Chair hand-picked by President Donald Trump, is on a collision course with his appointer as a rate hike looms. The tension between the two comes after Trump's praise for Warsh during his swearing-in ceremony at the White House in May. 'Just do your own thing,' Trump told Warsh.

The exact timing of this potential conflict remains unclear, but experts are closely watching the situation as a rate hike would likely have significant implications for the economy. With Warsh's appointment, Trump expressed his desire to see independence from the Federal Reserve, and it seems he may be reaping what he has sown.