Why Kevin Warsh Will Have to Defy Trump on Interest Rate Cuts
Key takeaways
- Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need.
- Not only will the new Fed chief not be able to cut rates, but it s also looking increasingly likely that he will oversee a committee that is leaning toward hiking interest rates.
- Last week, the Bureau of Labor Statistics released April inflation data showing the Consumer Price Index (CPI) rose 3.8% year over year.
Matthew Benjamin, The Motley Fool Fri, May 22, 2026 at 12:19 AM GMT+7 4 min read NVDA INTC The Federal Reserve just released the minutes from the most recent meeting of its interest rate-setting committee, and they were not good news for Kevin Warsh, who will be sworn in as the newest Fed Chair tomorrow.
In fact, the minutes from the April 28-29 Federal Open Market Committee (FOMC) meeting indicate that Warsh, who President Trump nominated to start easing monetary policy through cuts to the Fed s target interest rate, will likely have to defy Trump on rate cuts.
Will AI create the world s first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »