Inflation Forces the Fed’s Hand

Red, White and Who is back! Email us at thejournal@wsj.com with your thoughts on the economy as we head into the midterms.  For the first time in three years, the Federal Reserve is raising interest rates. Chairman Kevin Warsh was appointed by President Trump, who explicitly hoped he’d keep rates low. But the economy doesn’t appear to be heading in the right direction and inflation has proven to be far stickier than anticipated. WSJ’s Nick Timiraos reports on why Warsh took a hawkish turn and explains why the Fed might not be done yet. Ryan Knutson hosts.  Further Listening: -How the Bond Market Will Affect Your Wallet - Who Is the New Fed Chair? Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices