US politics
fromwww.housingwire.com
9 hours agoSenate questions Warsh on $100M-plus holdings and Fed ethics
Sen. Elizabeth Warren challenged Warsh on his ties to Trump and his financial investments during a confirmation hearing.
Dutta tells Axios: "I don't think people should change their investment plans around Warsh. The Fed is bigger than any one person. At the margin, Warsh represents a bit of uncertainty." One concern is that Warsh will cut interest rates now to appease Trump even if lower rates aren't warranted, which could result in the need for increases later on.