Win McNamee / Getty Images
|
Federal Reserve Chair Kevin Warsh is facing the most consequential interest rate decision day of his nascent term.
Warsh has vowed a much quieter, less interventionist central bank, but an apex of challenges now stands in the way. Chiefly, he faces a standoff with President Donald Trump if he fulfills expectations to make way for a rate increase, a course correction from his prior instinct to keep rates steady.
The chairman will also hold his first press conference following revelations that he and Trump have spoken by phone multiple times since taking the helm of the agency. It also follows a renewed effort by the administration to oust Fed Governor Lisa Cook, a signal of how political pressure that once beset his predecessor is seeping into Warsh’s tenure.
That pressure only further complicates escalating calls for the Fed to raise interest rates to tame inflation. A rate hike, however, would directly challenge Trump.
|
|
|
|
|
MS NOW; Brendan Moran / Sportsfile via Getty Images; Maksim Konstantinov / SOPA Images / LightRocket via Getty Images
|
Kansas and South Carolina are still likely Republican holds. But a national shift toward Democrats could make them close. Read more from Kabir Khanna.
|
The lawmaker earlier used “domestic abuser” as a rhetorical device to criticize Trump, but now she’s publicly praised Chris Brown, writes Evette Dionne. Read more.
|
|
|
|
|
On Saturday, Sept. 26, don’t miss the chance to attend “Together in Texas: We The People 2026,” our annual live community event. As the country heads toward the 2026 midterm elections, we’re bringing conversations with top newsmakers and insights from your favorite MS NOW hosts to the place at the center of it all: Texas. Buy your tickets today: ms.now/together.
|
|
|
|
Andrew Weissmann, MS NOW legal analyst and former FBI general counsel, is answering your legal news questions on his new series made exclusively for MS NOW members. Submit your legal news questions for Andrew to answer in a future episode.
|
|
|
|
229 West 43rd St.
New York, NY 10036
|
|
|
|
|
