New Fed chief faces 3.8% inflation with zero room to cut rates
Why this story
New Fed chair taking over in crisis moment. Economic policy angle distinct from our Iran war gas price coverage.
BULL CASE
Warsh's Wall Street experience positions him for structural Fed reforms beyond rate policy per CNBC analysis.
BEAR CASE
Fed's Waller estimates April inflation hit 3.8%, highest in three years, removing any case for rate cuts.
GLOBAL MARKETS
Trump told Warsh 'don't look at me' at swearing-in, reversing his pressure campaign on Powell per BBC.
Hidden Truth
Hidden truth: Fed governors moved against rate cuts before Warsh arrived — multiple presidents dissented over easing bias language.Read the full breakdown →
Will Kevin Warsh cut interest rates before December 2026?
