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Synopsis President Trump supports Federal Reserve Chair Kevin Warsh despite policy disagreements. Warsh maintains a cautious stance on monetary easing, differing from Trump’s calls. The central bank kept interest rates unchanged at its latest policy meeting. Some Federal Open Market Committee members favored a rate increase due to inflation concerns. Financial markets now anticipate a potential rate hike at the upcoming September meeting. US President Donald Trump on Wednesday backed Federal Reserve Chair Kevin Warsh despite the central bank chief failing to deliver the interest rate cuts the president has been seeking, as per a Reuters report. Trump praised Warsh…
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