WSJ: Trump and Warsh kept rate-hike truce, but it may not survive a second one
- —Trump approved the rate hike in a call with Warsh before the Fed meeting
- —The call surprised many of the president's advisers
- —Risk: an October hike would put Warsh under intensified White House scrutiny
Why it matters: Political pressure on the Fed affects rate expectations, and therefore bitcoin and risk assets.
Source: PANews