Warsh under pressure as Fed considers rate hike - The Hill

Federal Reserve Chair Kevin Warsh finds himself in a tricky position as the central bank commences its September meeting, as rising expectations of an interest rate hike clash with President Trump’s demands for cuts. Warsh gave himself wiggle room for a rate hike in late August, saying the central bank had “work to do” if underlying inflation was not moving toward its 2 percent target. But Trump, who has long kept up the drumbeat for rate cuts, appears increasingly impatient for his Fed pick to lower rates. “The Fed Board, with its great new leader, must get smart — BE PATRIOTS for a change,” Trump wrote on Truth Social earlier this month, after strong jobs numbers came in for August .