Fed Chair Kevin Warsh and FOMC Can Raise Interest Rates Without Changing Federal Funds Rate
Kevin Warsh has taken over as Fed chair amid rising U.S. inflation, with speculation about potential rate hikes despite not needing to adjust the federal funds target directly. The Iran war triggered by President Trump caused a major energy supply disruption in February, leading to soaring oil prices and altering expectations around monetary policy.
Topics: Federal Reserve geopolitical conflict inflation interest rates U.S. economy