Economy
The Fed Just Raised Rates and Trump Flipped Out — Here's the Real Story
Kevin Warsh defied the president who hired him, hiking rates for the first time in three years. The real drama isn't the 25 basis points — it's what happens next to central bank independence.

Here's a scene that would make your head spin if you pitched it as fiction: A president installs a new Federal Reserve chair, explicitly hoping for lower interest rates. Five months later, that same chair — his own handpicked choice — leads a unanimous vote to raise rates for the first time in over three years. Within minutes, the president erupts on social media in all-caps, demanding rates be slashed to 1% "AND FAST!"
This isn't some alternate timeline. This is literally what happened on...
Federal Reserve
interest rates
Kevin Warsh
Trump
central bank independence
inflation
Iran war
midterm elections
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