Warsh’s Challenge at the Fed Will Be Staying Independent
Trump has aggressively sought to influence interest rate policy at the central bank.
Fed Chair Jerome Powell at his news conference on Wednesday.
Photographer: Kent Nishimura/BloombergThe intrigue about who President Donald Trump would nominate to lead the Federal Reserve for the next four years is over. Bloomberg Businessweek’s senior economics writer Stacey Vanek Smith writes today about what to expect if Kevin Warsh is confirmed. Plus: An interview with California Governor Gavin Newsom, and an essay on how the US population could shrink as soon as this year because of Trump’s immigration crackdown.
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