Kevin Warsh won’t say if the Fed is done raising rates, even as he says the Fed has ‘no tolerance’ for high inflation and Trump pressure looms

In his first congressional appearance, Kevin Warsh, a key member of the Federal Reserve's rate-setting committee, refused to confirm whether the Fed has finished raising interest rates. Despite emphasizing the Fed's "no tolerance" for high inflation, Warsh's reluctance underscores the committee's deep divisions. With political pressure from Trump and economic uncertainties looming, his comments highlight the delicate balancing act the Fed faces in managing inflation without stifling economic growth. This situation is crucial as it influences everything from consumer prices to job markets, showing the Fed's challenges in navigating a divided political and economic landscape.