Wall Street holds its breath for more rate cuts under Kevin Warsh

If Kevin Warsh ultimately becomes the next Federal Reserve chair, Wall Street isn't expecting a shakeup on interest rate cuts. Both Barclays and Morgan Stanley are hanging onto their base case for two additional rate cuts this year after President Donald Trump named Warsh as his pick to lead the Fed. Barclays analyst Marc Giannoni said in a note that any attempt from Warsh to add rate cuts will face "resistance" in a Federal Open Market Committee that's been divided on how to handle a sturdy economy wit ...