Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Macht, Ehrgeiz und Zinsen: Der Beziehungsstatus von Kevin Warsh und Donald Trump ist kompliziert

Der Präsident erhoffte sich vom neuen Notenbankchef mehr billiges Geld. Gekriegt hat er das Gegenteil. Dennoch geht Trump sehr pfleglich mit dem Fed-Vorsitzenden um.

Macht, Ehrgeiz und Zinsen: Der Beziehungsstatus von Kevin Warsh und Donald Trump ist kompliziert

Kevin Warsh, the newly appointed Federal Reserve Chair, has increased interest rates despite President Donald Trump's hopes for cheaper borrowing costs. This unexpected move has strained their relationship. Warsh, known for his ambition and experience in monetary policy, has strengthened his independence from Trump's wishes, unlike previous Fed Chair Jerome Powell.

Trump, who had campaigned on lower interest rates and praised Warsh's appearance, has been cautious in his reaction to the rate hike, distancing himself from personal criticism of Warsh while questioning the political stance of other Fed members. The complex relationship between the two powerful men in American politics remains uncertain, with Trump's support seeming to hinge on Warsh's commitment to price stability amidst inflation concerns.

Written by urgent.news from NZZ Wirtschaft's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at nzz.ch →

More in Finance & Markets

Tax Ombud: Multiple Taxes, Levies, Charges Hurting Nigerian Businesses

*Urges authorities to simplify digital tax administration, uphold taxpayers’ rights Festus Akanbi, Dike Onwuamaeze and Kayode Tokede The Tax Ombud and Chief Executive of the Office of the Tax Ombud,

  • Nigerian businesses burdened by multiple taxes, levies, fees, and charges
  • Tax Ombud Dr. John Nwabueze calls for digital tax administration simplification
  • Four Tax Acts in 2025 aim to modernize revenue administration

More from Sunday 20 September →