The Federal Reserve just made congressional Republicans’ lives even harder in the run-up to the November midterm elections. But they’re holding their fire on Fed Chair Kevin Warsh.
The Fed this week hiked interest rates for the first time since Warsh took over as the central bank’s leader. The central bank’s unanimous decision to increase borrowing costs threatens to worsen the growing problems Republicans face around voters’ views of the economy and the high cost of living.
But some GOP lawmakers indicated they were relieved to see Warsh’s willingness to buck President Donald Trump after he faced withering criticism during his confirmation…
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