Fed Chief Defies Trump
New Fed chief has hawkish agenda, defying Trump's plan to cut rates
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Fed Chief Defies Trump
The Federal Reserve is a sprawling bureaucracy, averse to change. With that in mind, the latest FOMC meeting and press conference — the first under new Fed Chair Kevin Warsh — came as a pleasant surprise. The Fed held its target for the federal funds rate at 3.5% to 3.75%. While that decision itself was routine (market