Politics

Trump's own pick for Fed chair might raise rates against Trump's wishes at his first big decision. Independence test, or political theater?

Kevin Warsh, nominated by Trump and confirmed as Fed chair, has publicly promised the Fed will stay independent — but with inflation running hot, his first real interest-rate call puts that promise to — Real independence test 100%, He'll fold to Trump eventually 0%, Markets are what actually decide this 0% (1 vote so far).