Real or not, Trump’s helicopter money drop should alarm Warsh
A Federal Reserve rate hike on Wednesday will go down like a lead balloon at the White House.
But the gap between President Donald Trump’s wilder economic pronouncements and his new Fed chair is now so wide that the die may be cast.
Trump’s promise of US$5,000 cheques for every American probably offends Kevin Warsh’s monetarist sensibilities most of all.
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