Manufacturer Ford told CNBC it would help to address "the imbalance between current emissions standards and customer choice", while industry body the Alliance for Automotive Innovation said it would help to "correct some of the unachievable emissions regulations enacted under the previous administration".
After all, in order to land the nomination to succeed Jerome Powell the directive from the Oval Office was explicit: The candidate would have to be more dovish than Powell. Warsh, a former Fed Governor, fits the bill: He’s bullish on the U.S. economy, thanks in large part to the promise of AI, and is advocating for relative economic tightening on the Fed’s balance sheet to offset lower rates.
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