Trump has already made life harder for Warsh, say economists
Experts say president’s actions during selection process stymie Fed’s ability to tackle inflation
Experts and former policy-makers have expressed cautious optimism about Kevin Warsh’s nomination as chair of the US Federal Reserve. However, they believe US president Donald Trump’s behaviour during the selection process will have a chilling effect on Warsh’s communications and erode the Fed’s independence.
“I think Kevin Warsh was an excellent choice,” says Charles Calomiris, professor of finance at Columbia University. “He is experienced, principled and willing to do difficult things that need
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