Warsh Leads Fed to Predictable Interest Rate Hike

Justin Wolfers of Platypus Economics discussed the recent interest rate hike by the Federal Reserve, led by Chair Kevin Warsh. Wolfers noted that many economists had predicted this move, and in fact, it was even possible to bet on it through Federal Funds Futures, which showed a 92% chance of the Fed increasing rates.

The decision has been seen as a sign that Warsh is not 'Sock Puppet Kevin,' who would simply do the bidding of President Trump. Instead, Warsh voted in favor of higher interest rates, which aligns with the views of many economists.