Business & Finance
Warsh Caught Between Trump, Bond Market Bet on Rate Hikes
Key Points
Jun 15th, 2026 Warsh Caught Between Trump, Bond Market Bet on Rate Hikes Just three weeks into the job, Federal Reserve Chairman Kevin Warsh is already facing an unusually high-stakes test. Inflation is roaring back at the fastest pace in three years. There’s growing dissent among the central bank’s policymakers.
Jun 15th, 2026
Warsh Caught Between Trump, Bond Market Bet on Rate Hikes
Just three weeks into the job, Federal Reserve Chairman Kevin Warsh is already facing an unusually high-stakes test. Inflation is roaring back at the fastest pace in three years. There’s growing dissent among the central bank’s policymakers. And investors have been dumping US Treasury bonds and piling into bets the Fed will need to start raising rates by December, defying President Trump’s call to lower them instead. We look ahead to this week's FOMC decision with Rebecca Patterson, Senior Fellow at the Council on Foreign Relations & former Chief Investment Strategist at Bridgewater Associates.
[Image text:] REBECCA PATTERSON
COUNCIL ON FOREIGN RELATIONS
SENIOR FELLOW
TRADERS AWAIT FIRST FOMC MEETING UNDER WARSH