Rob Curran

Chair Kevin Warsh hints that he will support further rate hikes until they become restrictive

Even as Trump continues to demand a cut, economists are expecting the central bank to increase rates by 25 basis points

The odds of a hike in September are now 50-50, according to some analysts

If he chooses to stay put, he is likely to warn markets of a hike at next meeting in September

Warsh sounds more hawkish than his predecessor Jerome Powell, emphasising the importance of ‘price stability’

The US central bank is unlikely to cut rates this week, but all eyes are on the direction the new chair will take at his post-decision press conference

The euphoric growth expectations have not yet been justified by the earnings

Outgoing chief Powell wants to stay on as a governor mainly as a guard dog for the central bank’s continued independence

His successor Kevin Warsh is viewed as more responsive to the Trump administration

The US central bank hinted that it may not cut rates until the fog from the Iran war has cleared