Traders are betting Trump may soon turn on Fed chair Kevin Warsh as interest-rate hikes loom

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Traders are betting that U.S. President Donald Trump may soon turn against Federal Reserve Chair Kevin Warsh amid the prospect of imminent interest-rate hikes. A rate hike from the Fed on Wednesday is virtually certain according to Wall Street, although some still believe a hold is possible. Tensions between the White House and the institution’s restrictive monetary policy are fueling speculation about a potential leadership change at the Fed.

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