U.S. Debt Deficit Digest

Fed policy split and Warsh credibility under market pressure

Fed policy split and Warsh credibility under market pressure

Persistent inflation, stronger employment, rising oil prices, tariffs, and other cost pressures keep rate-hike expectations alive even as markets debate eventual easing. Resistance in the long end links Fed credibility and Kevin Warsh's policy stance to Treasury debt-service costs, mortgage rates, business borrowing, and household finances.

Sources (2)
Updated Sep 17, 2026