Heard on the Street Recap: Independent Regime Change
The debate on the Fed continued. Former Federal Reserve governor Kevin Warsh, a potential nominee to succeed Fed Chair Jerome Powell, said on CNBC that the Fed should stay independent. But he also said President Trump 'is right to be pushing the Fed publicly,' and that 'we need regime change in the conduct of policy.'
Rate cuts might still have to wait. Atlanta Fed President Raphael Bostic told the Wall Street Journal in an interview that rate cuts 'might be difficult in the short run,' as the central bank needs more time to judge how tariffs are filtering through to prices.
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