Trump Picked Warsh for Rate Cuts, US Markets Got the Opposite

Kevin Warsh wrapped up his first Federal Reserve press conference on June 17 and made one thing unmistakably clear: price stability comes first. The S&P 500 fell 1.2% on the day, the worst “Fed day” performance for any new chair since 1994. President Donald Trump nominated Warsh after months of publicly demanding rate cuts from The post Trump Picked Warsh for Rate Cuts, US Markets