Warsh Takes Fed Chair With U.S. CPI at 3.8% as ECB Eyes Hikes and Global Rates Stay Elevated
Kevin Warsh inherits the Federal Reserve with U.S. inflation at 3.8% and markets pricing just a one-in-three chance of any 2026 rate cut. The ECB is moving toward a June hike, and China's banking system faces undisclosed bad-debt concerns. Three major economies are simultaneously tightening — or holding — amid persistent inflation and geopolitical pressure.
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