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business2h ago
Trump's new pick 'may struggle' to get Fed on board with MAGA agenda: report
- The White House-backed Kevin Warsh may struggle to win broad support at the Federal Reserve, per Bloomberg.
- Warsh could face resistance if he tries to push steep, immediate cuts sought by Trump.
- Inflation remains above the 2% goal while the labor market shows some stability, influencing policy debates.
- The report notes that the Middle East conflict may add to policymakers’ caution.
- Warsh argues that productivity gains from technologies like AI could offset economic concerns.
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