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Trump’s New Fed Chair Kevin Warsh Is Walking Into an Impossible First Meeting
Key takeaways
- Rate cuts are virtually impossible with CPI at 4.2% and PCE at 3.8% annually, figures that remain well above the Fed s 2% target.
- Warsh is in a lose-lose position: cutting rates pleases Trump but damages Fed credibility, while holding firm risks alienating the president.
- SmartAsset s free tool can match you with a financial advisor in minutes to help you answer that today.
Trump’s New Fed Chair Kevin Warsh Is Walking Into an Impossible First Meeting Maurie Backman Tue, June 16, 2026 at 5:33 PM GMT+7 4 min read Quick Read Kevin Warsh took over as Fed Chair on May 22 facing immediate political pressure from Trump to slash rates to 1% or lower.
Rate cuts are virtually impossible with CPI at 4.2% and PCE at 3.8% annually, figures that remain well above the Fed s 2% target.
Warsh is in a lose-lose position: cutting rates pleases Trump but damages Fed credibility, while holding firm risks alienating the president.
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