Trump fails to bend the Fed to his will
Kevin Warsh leads the US central bank to its first rate rise since 2023 less than four months into the job
Source: Financial Times
―
DW NOTE
Warsh raised rates into a supply shock with oil down 6% globally, the Strait still choked, and the 10-year already at 4.97%. Trump wanted accommodation; he got a central banker who thinks credibility means tightening when the economy is already being strangled by logistics. This is the kind of move that gets cited in the next recession's post-mortem.