Anonymousabout 3 hours ago
President Trump swore in Kevin Warsh as the new Federal Reserve chair on May 22, 2026, telling him to "be independent" and "don't look at me" — a statement sharply at odds with Trump's years-long campaign of threats, insults, and a DOJ investigation aimed at Warsh's predecessor Jerome Powell. With inflation running at 3.8% year-over-year, 30-year Treasury yields above 5%, and the Supreme Court still weighing the president's power to fire Fed governors, the gap between Trump's rhetoric of independence and the structural pressures facing Warsh defines the central tension of the new Fed era.