WASHINGTON (AP) — Ever since Kevin Warsh was nominated by President Trump in late January to lead the Federal Reserve, a question has lingered: Will he seek to raise interest rates to tame inflation or cut them as Trump has long demanded?
On Wednesday, Warsh may provide the first hints of an answer when he oversees his first Fed policy meeting as chair and holds a news conference afterward. Bond markets, which can swing sharply on a chair's pronouncements, will be watching particularly closely for any signs of which way he leans.
"We expect the press conference to be pivotal," Jonathan Pingle, an economist at investment bank UBS, wrote in a note. "This will be Kevin Warsh's first public appearance as Chair. ...We do not really know what his policy views are."
