🏦 The Fed just got a new boss — and the drama doesn't stop there 🚨
Kevin Warsh is officially the 17th leader of the Federal Reserve — confirmed 54-45 in the most divisive Fed vote in history. He inherits rising inflation, public economic frustration, and unprecedented attacks on Fed independence.
Here's the twist nobody's talking about — Trump wants rate cuts, but the latest inflation data points the other way. If Warsh moves toward cuts, he'll face a tough battle with his own Fed policy committee.
And Powell? He's NOT leaving. He's staying on the Fed Board of Governors — breaking modern precedent — because he sees an ongoing threat from the Trump administration to reopen control over the Fed.
A Supreme Court case is also pending over whether Trump can fire Biden-appointed Fed Governor Lisa Cook.
So we have a new Fed Chair, a defiant Powell still inside the building, and a president demanding rate cuts while inflation is rising. 🔥
Rate cut in June? I honestly don't think so. You? 👇