Forex
Warsh's Rate Hike Gambit: A Gamble on Trump Approval
The latest data on inflation has cast doubt on the likelihood of a Federal Reserve interest rate hike when policymakers meet this week.
Despite the central bank's plans to review its methods and operations, new Fed Chair Kevin Warsh may still opt for a rate increase, which could also help win President Donald Trump's approval.
The five task forces established by Warsh are expected to submit their findings by year-end, but raising rates now might accomplish several goals at once.