Bloomberg quotes James St. Aubin on Warsh’s balancing act in his first Fed press conference
James St. Aubin, Chief Investment Officer at Ocean Park Asset Management, said Warsh was trying to strike a balance by reassuring the market that he won’t jeopardize the Fed’s credibility while, at the same time, not drawing Trump’s ire. “He’s really just trying to appease two masters,” he said. “He’s walking a fine line.”
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