Kevin Warsh, Trump’s ‘central casting’, has a long road ahead of convincing board members to lower interest rates
Donald Trump’s fate is to be frustrated by monetary policy.
Even assuming he gets his way and Kevin Warsh succeeds Jerome Powell as chair of the Federal Reserve next month, it is unlikely that the president will finally gain control of the Fed.
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This article was originally published by The Guardian and written by Eduardo Porter.
Read original article on The Guardian