Kevin Warsh

He says interest rates are the Fed’s “predominant tool” for achieving its mandate

The MSCI Asia Pacific equities gauge slips 0.5% after a semiconductor sell-off on Wall Street

The new plan by the US Treasury Secretary drives the US dollar to the weakest in three months

He hinted at his long-running desire to see the Fed lower interest rates

The odds of a hike in September are now 50-50, according to some analysts

The US central bank chair now faces more pressure to back up his words with interest rate hikes

Three of US Fed chair Warsh’s new colleagues dissented in favour of a rate hike

The Fed chief had said he had “no tolerance” for inflation that has been running above the central bank’s target 2%

If he chooses to stay put, he is likely to warn markets of a hike at next meeting in September