US President Trump says he is going to let Warsh ‘do what he wants to do’ at Fed with interest rates
Latvian armed forces say possible threat to Latvian air space in two countries bordering Russia and NATO fighter jets have been deployed
NY Fed's Perli says a plausible path to lower reserve levels is regulatory change; Fed's rate control toolkit has worked very well
US President Trump says he is going to let Warsh ‘do what he wants to do’ at Fed with interest rates
US President Trump says Iran has a little capacity, not much; China's President Xi has promised me that he's not sending Iran weapons; Iran still has a little capacity to retaliate
US to sell USD 95bln of 8-week bills and USD 100bln of 4-week bills on May 21st; to sell USD 69bln of 17-week bills on May 20th; all to settle May 26th
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- The Washington Examiner spoke to Trump during a Tuesday morning phone call and pointed out that investors are now pegging a higher chance of an interest rate hike rather than a cut by the end of the year, and asked him whether he thinks Warsh will deliver a cut.
- “I’m going to let him do what he wants to do,” Trump responded. “He’s a very talented guy, he’s going to be fine, he’s going to do a good job.”
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