Michael R. Strain(@MichaelRStrain):Chairman Warsh has shown that he has steel in his spine by increasing interest rates seven weeks before the midterm elections. Central bank independence is crucial for price stability, which in turn is crucial for long-term prosperity. President Trump is the greatest threat to Fed independence in modern history, going so far as to weaponise the criminal justice system against Fed officials in order to bend the committee to his desire for lower interest rates. Chairman Warsh is now steward of this vitally important foundation of prosperity. He has shown he is up to the job.

2026.09.17 15:34

Chairman Warsh has shown that he has steel in his spine by increasing interest rates seven weeks before the midterm elections. Central bank independence is crucial for price stability, which in turn is crucial for long-term prosperity. President Trump is the greatest threat to Fed independence in modern history, going so far as to weaponise the criminal justice system against Fed officials in order to bend the committee to his desire for lower interest rates. Chairman Warsh is now steward of this vitally important foundation of prosperity. He has shown he is up to the job.