Apollo’s Torsten Slok: Fed Chair Warsh ‘Unfairly Treated’

Bullish Gator

Apollo economist Torsten Slok discusses markets’ reaction to July jobs, President Trump’s comments on the Fed, and implications for monetary policy and the outlook.

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What stands out

Torsten Slok, chief economist at Apollo Global Management, told CNBC's Squawk on the Street that Fed Chair Warsh 'has been unfairly treated,' defending central-bank independence while parsing markets' reaction to July's jobs report and the president's comments. When an asset manager's economist publicly weighs in on Fed politics, it shifts how investors read economic prints and policy risk. That matters because policy-politics noise can change capital-allocation decisions across credit, private deals and public equities, and it raises the odds of short-term headline-driven volatility for firms like Apollo.