Warsh Takes Fed Chair Amid Three-Year Inflation High and Treasury Selloff
Kevin Warsh is sworn in as Federal Reserve Chairman as inflation hits a three-year high and a Treasury selloff pressures bond markets. Iran-driven energy price shocks compound the challenge, while markets price in December rate cuts even as the Fed is expected to hold rates at its current meeting. Analyst James Clouse warns Warsh faces "conflicting pressures from the White House" with limited political cover.
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