Shrink Fed, tame inflation, manage president
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WASHINGTON — President Trump joked during a ritzy dinner with the DC elite that if his newly minted nominee to helm the Federal Reserve, Kevin Warsh, doesn’t slash interest rates, he’s going to sue him.
Wholesale prices rose sharply at the end of 2025 in another sign of how stubborn inflation has proven to be. New Fed chief Kevin Warsh could have his hands full if inflation remains elevated when he takes over.