Episode Details

New Fed Chair Kevin Warsh stunned observers by holding interest rates steady at his first meeting, defying President Trump’s push for cuts and signaling he’s operating independently. Despite being close to Trump advisor Kevin Hassett, Warsh made it clear he won’t take political direction on rates, reinforcing the Fed’s historic independence. His stance—prioritizing economic rigor over political convenience—aims to preserve trust and stability, setting the stage for a potentially pivotal chapter in monetary policy.

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