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Trump wants lower mortgage rates. His Fed pick may push the other way.

 What to know

President Donald Trump aims to lower mortgage rates, but his Fed chair pick, Kevin Warsh, favors actions that conflict with this goal. Warsh has criticized the Fed’s large bond portfolio, which could raise rates if reduced. The tension highlights a potential clash between Trump’s priorities and Warsh’s policies. Warsh’s approach to the Fed’s balance sheet remains unclear.

Summary is AI-generated, newsroom-reviewed.

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