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Justin Wolfers assesses the potential outcomes of the upcoming Federal Reserve meeting.
Wolfers points out that Kevin Warsh could face scrutiny from both President Donald Trump and Wall Street, depending on whether he decides to raise interest rates or not.
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Wolfers recently reported that U.S. consumer sentiment fell to its lowest level in 70 years, citing economic pressures and diminished trust in government. He has also highlighted that the U.S. budget deficit reached 6 percent of GDP, a postwar high outside of recession or conflict. These factors form the backdrop for market expectations ahead of the Federal Reserve’s decision.