16 Hrs
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الاقتصادية
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Al-Fa'ida Path Challenges Warsh and Fed Independence
The Federal Reserve Chairman, Kevin Warsh, is facing increasing pressure from the White House regarding interest rate hike policies, as he navigates a delicate position between maintaining the central bank's independence and serving the political interests of U.S. President Donald Trump. While inflation data shows an uptick in August, boosting the chances of a rate increase at the September meeting by over 85%, political concerns dominate the outlook, with reports of pressure on Trump to cut borrowing costs to support the electoral economy. Warsh's stance is delicate, as he attempts to preserve his independence amid rising tensions between inflation and the influence of political policies, amid both internal and external developments that impact future interest rate decision-making.
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