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Fed leader Kevin Warsh is facing the fight President Trump hoped he would avoid when he selected Warsh as the new central-bank chairman

The current Fed chairman criticized the central bank last year for moving too slowly to cut rates. Investors now expect him to start taking those cuts back.

Fed leader Kevin Warsh is facing the fight President Trump hoped he would avoid when he selected Warsh as the new central-bank chairman

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More in Finance & Markets

Mortgage stress and negative equity pressure young Australians

Cotality’s daily dwelling values index shows that dwelling values have declined by 5.3% from their 10 April peak across the five major capitals, led by Sydney (-7.7%) and Melbourne (-6.9%): New…

  • Sydney and Melbourne home values dropped 5.3% since April peak
  • One in two homes in Sydney and Melbourne sold below purchase price
  • Mortgage stress hits highest level since 2008 Global Financial Crisis

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