Kevin Warsh comes into the Fed facing a big 'family fight' over cutting interest rates
With inflation spiking and Treasury yields surging, Warsh is likely to confront a Federal Open Market Committee in no mood to ease.


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With inflation spiking and Treasury yields surging, Warsh is likely to confront a Federal Open Market Committee in no mood to ease.

Consumer-price inflation is at 3%, well above the Federal Reserve's target.
Hiring has slowed sharply this year.
The president and the Federal Reserve chair met for the first time in Trump's second term.
Some economists were saying Wednesday that the rate-cutting cycle is over, while others think the Federal Reserve won't ease rates again until 2026.
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