HONG KONG: Incoming Federal Reserve chair Kevin Warsh faces both a tough environment and a "difficult boss," Standard Chartered CEO Bill Winters said on Tuesday, pointing to political pressure on Warsh to cut rates even as inflation remains high.
"Inflation is stubbornly high and unlikely to come down, but he's got the political environment (in which) he will be criticised if he doesn't cut rates," Winters told reporters in Hong Kong.
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