Incoming Fed Chairman Kevin Warsh ke saamne rate cuts ka raasta mushkil hota ja raha hai. President Trump chahte hain ki interest rates kam hon, lekin Warsh ne koi promise nahi kiya hai. Ab naye economic signals ne rate cut ke arguments ko aur weak kar diya hai.
Kevin Warsh ka stance — koi commitment nahi
Kevin Warsh ne clear kar diya hai ki unhone president ko koi vaada nahi kiya. Woh economy ke outlook ke baare mein zyada bullish hain, lekin unhone rate cuts ke liye koi commitment nahi di. Yeh Trump ke liye ek badi baat hai, kyunki woh lower interest rates chahte hain.
Inflation aur Treasury yields — rate cut ke liye mushkil
Inflation sahi direction mein nahi ja rahi hai, jo rate cut ke liye ek badi rukawat hai. Is hafte, shorter-term treasuries bhi ek inconvenient direction mein move kar gaye hain. Khaas taur par, 2-year Treasuries ki baat karein toh, yeh notes Thursday raat ko spike hokar 4% se upar pahunch gaye hain. Yeh year-to-date ka sabse high level hai.
2-year Treasuries ko market ke rate expectations ka temperature check mana jaata hai. Jab yeh spike karte hain, toh iska matlab hai ki market ko lagta hai ki interest rates zyada der tak high rahenge. Yeh rate cut ke liye ek negative signal hai.
Hamaari Baat: Trump ke plans ke liye badi problem
Seedha baat karein toh, Trump chahte hain ki Fed rate cut kare, lekin har taraf se signals aa rahe hain ki yeh possible nahi hai. Warsh ne koi promise nahi kiya, inflation sahi nahi hai, aur Treasury yields bhi upar ja rahe hain. Yeh sab milke rate cut ke raaste mein dominoes ki tarah gir rahe hain. Trump ke liye yeh ek badi problem hai, kyunki unki economic strategy lower interest rates par depend karti hai. Lekin ab lagta hai ki Fed apni policy change nahi karega jab tak inflation control mein nahi aata.
Sources & References
- Dominoes are steadily falling in the path of the rate cuts Trump wants to see from Kevin Warsh — Original Story
