Warsh Takes Charge of a Fed Facing Rising Inflation Threat

The economic backdrop that Kevin M. Warsh inherits as chair of the Federal Reserve does not call for the interest rate cuts that President Trump wants.

Warsh takes the Fed's helm as inflation climbs, consumer sentiment dives

By Howard Schneider WASHINGTON, May 22 (Reuters) - Kevin Warsh was sworn in as chair of the U.S. Federal Reserve on Friday at a pivotal moment for an American economy where surging gasoline prices due to the Iran war are pushing up inflation and eroding consumer sentiment,

Fed officials see rate hike ahead if inflation stays elevated, minutes show

A majority of officials anticipated that interest rate increases would be necessary if the Iran war continued to aggravate inflation.

Most Fed Officials Embraced Possibility of Higher Rates at Recent Meeting

A record of the April meeting, Jerome H. Powell’s last as chair, underscored the extent to which the war with Iran has upended the economic outlook.

Divisions awaiting Warsh to be on display in Fed minutes release

By Dan Burns WASHINGTON, May 20 (Reuters) - The depth of the differences among Federal Reserve policymakers' views on the direction of interest rates and severity of inflation will be on view on Wednesday with the release of a readout of the most divided meeting in a generation,

The Fed Has a New Boss, Inflation Is at a 3-Year High, and Rate Cuts Look Unlikely. These Stocks Win in That Environment.

Just a few months ago, markets were expecting the Federal Reserve to cut its benchmark interest rate two or even three times by the end of 2026. Suddenly, that thinking seems very dated, and today investors face an entirely different reality.