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Fed's Warsh vows to 'disappoint' anyone who thinks he will ...
Inflation first
Warsh’s message is that the Fed should stay anchored to its inflation target rather than bend to short-term political demands. That is significant because it directly addresses the biggest fear surrounding his nomination: that he might be chosen primarily to ease rates.
By emphasizing continuity on inflation, Warsh is trying to reassure markets and senators that the chairmanship would not become an extension of the White House.
Trump tension
His comments also create an important contrast with Trump’s public pressure for lower rates. The divergence suggests Warsh may have room to disappoint the president if the economic data do not support easing.
That would make the Fed chair debate less about personality and more about whether Trump can actually influence policy once his nominee is in place.
Credibility test
If Warsh keeps repeating this line in public, it could improve his credibility with skeptical lawmakers, but it may also frustrate supporters who expected a more aggressive rate-cut advocate. In other words, the nomination may be producing a more independent signal than Trump intended.
That tension is likely to define the rest of the confirmation and early tenure if he is approved.
