Warsh Urged to Raise Rates as Inflation Runs 70% Above Fed's 2% Target
Updated
Updated · The Washington Post · Sep 14
Warsh Urged to Raise Rates as Inflation Runs 70% Above Fed's 2% Target
3 articles · Updated · The Washington Post · Sep 14
Summary
Kevin Warsh is being pressed to raise interest rates this week, with the call centered on turning his hawkish inflation rhetoric into immediate policy action.
Prices running about 70% above the Fed's 2% target underpin the argument that tighter policy is needed to curb inflation and reinforce the central bank's anti-inflation stance.
A rate increase would also signal that the Federal Reserve remains independent, even if the move draws opposition from President Donald Trump.
The debate frames Warsh's next decision as a test not just of inflation control but of the Fed's credibility with markets and the public.