inflation / political context
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CNN · United States · Warsh's first Fed meeting: rates on hold, hike back on the table
Frames Warsh's hawkish positioning against the energy-driven CPI of 4.2% in May (highest since April 2023); notes his task-force announcements to overhaul Fed communications and operations; highlights Trump's prior public pressure on Fed independence.
“With CPI at 4.2%, the highest since 2023, Warsh's first meeting landed a clear message: the next move is more likely up than down.”