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The Economic Times
The Economic Times

'In our lane': Fed's Warsh defies Trump but still fighting for credibility

Kevin Warsh Donald Trump White House Inflation Kevin Hassett United States US Fed US Federal Reserve David Wessel

Washington: US Federal Reserve chair Kevin Warsh delivered the interest rate hike this week that many economists think surging inflation required, defying President Donald Trump -- but questions about the central bank chief's credibility linger.

The Fed on Wednesday raised rates in the world's largest economy by 25 basis points to between 3.75 and 4.00 percent, with policymakers signalling at least one more rate hike before year-end.

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