The challenges ahead for Federal Reserve chair nominee Kevin Warsh
Oil prices are surging. Inflation forecasts are rising. Futures markets increasingly raise the chances of a rate hike from the Federal Reserve.
And then there’s Kevin Warsh and his stated desire — and edict from President Donald Trump — to cut interest rates.
Even before a hearing is scheduled on his nomination as the next Fed chair, Warsh’s ambitious agenda for “regime change” at the Fed faces challenges.
CNBC’s Steve Liesman explains.
