Warsh Will Get More Leeway From Trump When It Comes to Rates, Rubenstein Says

• Rubenstein believes Kevin Warsh would have a 'mandate' from President Trump to not raise interest rates 'all that much'.
• He suggests Warsh would likely wait 'another quarter or so' before deciding on any rate increases, despite 'residual inflationary pressures'.
• Rubenstein expects Warsh to be less transparent than Jay Powell, potentially holding fewer press conferences and offering less forward guidance.

David Rubenstein discusses the potential approach of Kevin Warsh as Federal Reserve Chairman under President Trump. He suggests Warsh would have a mandate to avoid significant rate hikes and would likely delay any increases despite existing inflationary pressures. Rubenstein also anticipates Warsh adopting a less transparent communication style, reminiscent of Alan Greenspan.