Warsh Expected to Raise Interest Rates Amid Trump Opposition

Federal Reserve Chair Kevin Warsh is facing pressure from two opposing forces: financial markets and President Donald Trump. Barely four months into his job, Warsh must decide whether to raise interest rates as expected by the markets or follow Trump's wishes to cut them. Economists predict that on Wednesday, the Federal Reserve will side with the markets and increase interest rates.

Warsh has largely boxed himself in, according to economists, who believe he will choose to raise rates despite Trump's opposition. This decision is crucial for the US economy, as it will determine whether the country can sustain its current growth trajectory or face a potential recession.