🏦 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, a frustrated public, and unprecedented attacks on the Fed's independence.
But here's the twist nobody's talking about 👇
Trump wants rate cuts — but the latest inflation data is pointing the other way 📈
If Warsh tries to cut, he'll have 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. 👀
Oh, and there's a Supreme Court case pending over whether Trump can fire Biden‑appointed Fed Governor Lisa Cook. ⚖️
So let's sum this up:
🆕 New Fed Chair
😤 A defiant Powell still inside the building
📉 A president demanding rate cuts while inflation is rising
🔥 Absolute chaos.
Rate cut in June? I honestly don't think so. What about you? 👇