Categories: BUSINESS

Trump says he’d be disappointed if Fed pick doesn’t cut rates; Warsh vows to be ‘independent actor’

President Trump expressed disappointment if his Fed nominee, Kevin Warsh, doesn’t immediately cut interest rates upon confirmation. Warsh, however, stressed his independence and commitment to fighting inflation, a priority given current economic pressures. Democrats questioned his past stances on rates, while Trump continues to advocate for lower borrowing costs, creating a potential conflict.
Sumitra

Recent Posts

‘Extra payout’ to Maharashtra PSU: HDFC board slaps Rs 1 lakh fines on MD, CFO

HDFC Bank's board penalized top executives over deposit arrangements with MSRDC. The internal review found…

8 hours ago

Rs 100 crore club gets bigger: Number of nine-figure income filers quadruples in five years

More Indians are reporting nine-figure incomes on tax returns. The number of these high-earners rose…

8 hours ago

BNP to take bancassurance route for insurance re-entry

BNP Paribas Cardif is acquiring a significant stake in IndiaFirst Life Insurance. This strategic investment…

1 day ago

Energy security in focus: What India’s crude oil, LPG and LNG strategic reserves strategy should look like

Once completed, the total strategic petroleum reserves capacity will increase to 11.88 MMT, enabling India…

2 days ago