Warsh in a Bind: FOMC Meeting Raises Independence Concerns

Ahead of the Federal Open Market Committee (FOMC) meeting, financial markets are bracing for a potential rate hike. However, many believe that Fed chair candidate Kevin Warsh may not be as independent as he seems.

According to some market participants, it's unlikely that Warsh would hike rates without the approval of President Trump. This raises concerns about the Fed's independence and whether Warsh is willing to defy the White House.

Warsh has been viewed by some as a compromise candidate who can work with the administration. However, critics argue that he may be too beholden to Trump to make independent decisions.