Commentary: The danger of a politicized US Federal Reserve has not been averted.
Fed Chairman Warsh meets market expectations - and yet the interest rate decision just before the midterm elections once again shows how dangerous Trump's encroachment on the central bank is.
Kevin Warsh, the head of the US Federal Reserve (Fed), is in a delicate situation. His comments on the US economy and the central bank's future course have become a political issue ahead of the midterm elections. The Fed recently kept its key interest rate unchanged at 3.75-4.0 percent. US President Donald Trump has publicly called for lower interest rates and previously criticized former Fed chief Jerome Powell for not complying. Trump appointed Warsh to the position to achieve this goal.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
