Donald Trump has appointed Kevin Warsh as Federal Reserve Chair. Warsh will oversee the FOMC's next interest rate decision on Wednesday, with the benchmark target range holding at 3.50-3.75% following a December 2025 cut and three subsequent meetings without change. Inflation has risen since the Iran war began in late February.
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“Warsh takes the helm: What to watch as the Fed weighs its rate decision”
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Warsh appointment and steady rates risk prioritizing inflation control over employment amid external supply shocks.
“Potential harm to working-class stability and wage growth from elevated borrowing costs”
Holding rates reflects needed caution to safeguard purchasing power after geopolitical shocks and prior easing.
“Price stability and avoidance of boom-bust cycles”
Continued rate management illustrates problems of centralized monetary authority irrespective of new leadership.
“Distortion of market price signals and erosion of individual savings”
All views accept the Iran war supply-shock narrative without data scrutiny and overlook policy inertia plus collective FOMC dynamics.
“Unexamined premises on inflation causes and chair influence”
Ratings by MBFC