The Federal Reserve’s monetary policy committee meet next week, July 29 and 30.
The Federal Open Market Committee (FOMC) is widely expected to leave rates unchanged.
Kevin Warsh was on the Board of Governors at the bank, from 2006 to 2011.
He is being interviewed on Fox.
Says he’d vote for a rate cut next week if was still on the FOMC.
Warsh is still jockeying for the job as Fed Chair (in the interview he said he would be honoured to serve if US President taps him to be the next Fed chair), so it does seem he is saying things to curry favour with Trump. Its always a possbility, of course, that he does believe a rate cut is best, though.
This article was written by Eamonn Sheridan at investinglive.com.