By the way, the Fed held rates today and all indications are they will raise at lease once in 2026. SO much for Powell being the problem.
in his first Fed Meeting as Fed Chair, Warsh said inflation is a choice, implicit in that statement, it was Trump choice to inflate the economy, as evidenced by the unconstitutional tariffs the needless war on Iran, leading to rising cost of oil the humongous spending by Trump's BIG UNGLY BILL
Economists note that Warsh delivered a strict inflation-targeting message, setting a neutral to hawkish tone that took the market by surprise. Wall Street and global bond markets reacted with volatility, closely monitoring Warsh’s pivot away from his earlier, pre-nomination advocacy for rate cuts. Trump, who initially championed Warsh on a platform of lower borrowing costs, faces the reality of an independent Fed chair holding rates firm to combat sticky inflation. Critics who initially opposed his confirmation— citing concerns he would act as a mouthpiece for the Executive branch—are evaluating his early comments on institutional "lane-keeping"
Ultimately I think he needs Trump's endorsement. If Trump doesn't endorse him, he's in trouble in a primary with Rubio.
