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Warsh’s Dilemma: Inflation vs. Politics | Spokane News
Fed Chair Kevin Warsh is caught in a political and economic tightrope, signaling inflation must fall without committing to rate hikes—sparking market turmoil as 30-year Treasury yields hit a 19-year high. Balancing Trump’s pressure for low rates against internal Fed calls for tighter policy, Warsh may even overhaul the Fed’s inflation measurement framework, with big decisions looming at an upcoming central bankers’ conference. While June inflation cooled slightly, persistent price pressures and strong job growth fuel concerns that dissenting Fed members could soon outnumber him, forcing a…
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