Trump's Numbers Don't Add Up: Fed Rejects Rate Cut

Donald Trump wanted a Federal Reserve chairman who would be obedient to his demands. However, he got a different kind of chairmen in Kevin Warsh, who voted with all 11 of his colleagues to raise interest rates by a quarter point to 3.75%-4%. This was the first increase since 2023.

Trump responded to this news by lashing out at the Fed, calling them 'hostile' and demanding lower rates. He even threatened to break institutions that won't bend to his will.

The real question is who created the conditions that made the hike necessary. The article suggests that it was Trump's own policies, such as tariffs and the war with Iran, that contributed to inflation.