Warsh Stands Firm: Fed to Hike Rates Despite Trump Pressure
Fed Chair Kevin Warsh spoke publicly despite pressure from President Trump to hold off on raising interest rates. The Federal Reserve is expected to hike rates as inflation remains high, according to Warsh.
A rate hike would be the third this year and could impact borrowing costs for consumers and businesses. Warsh did not provide a specific timeline or details about the decision-making process.