Justin Wolfers
Trump threatened to raise tariffs on other countries unless Kevin Warsh cuts rates. Read that sentence again. The head of the US government threatening the head of the central bank he appointed, using trade policy as leverage over monetary policy. If anything, this makes it harder for Warsh to look like he's caving. Markets are pricing a 90% chance he raises anyway. https://youtu.be/RtbNyCq5ZzU