AIThe Motley Foolabout 4 hours ago
Fed Chair Kevin Warsh Faces Pressure Over Rate Cuts
1 min read
Kevin Warsh takes office as Fed chair on May 22 amid pressure from President Trump to cut interest rates to 1% or lower. The FOMC has lowered rates six times since September 2024 but remains far from Trump's target. Inflation surged due to the Iran war starting Feb 28, undermining calls for rate cuts.
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