US Treasury Secretary Bessent is expected to help Fed Chair Nominee Warsh "walk the tightrope" as the incoming Fed Chair – pursuing a “hawkish” approach to monetary policy while also catering to President Trump’s easy-money agenda, according to NY Post
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- "That’s the consensus of Wall Street executives with ties to the Trump White House who know key players in the MAGA world – including Bessent and Warsh."
- "One source, an economist with ties to the Trump economic team, expects Warsh to lean heavily on Bessent – not just to get through the Senate confirmation process but also to navigate a mercurial president and his demands for lower short-term rates that the Fed controls."
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