Show Notes
Monday, June 29 — Trump launched a war that broke the Fed's rate-cut path, and now he's still demanding cheaper money.
Rush and Reagan walk through Kevin Warsh's first FOMC meeting, where rates held at 3.5–3.75% and nine of eighteen officials flipped from projecting a cut to projecting a hike — a full reversal in three months. They trace the 4.2% CPI spike directly to the Strait of Hormuz oil disruption that began February 28th, the day the Iran war launched. They examine whether Warsh's five-task-force reform agenda is genuine central banking or political cover-building. And they perform a mock press conference that satirizes the contradiction of demanding rate cuts while running an inflationary war — then explain why the joke isn't really a joke.
Closing out: what Warsh walks into at the July 29th FOMC meeting, with a fragile ceasefire already punctured and October hike odds climbing. If you have a take on whether Warsh survives the political trap, tell us — we're reading responses all week.
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More from The Rush Lindell Show
Thursday, October 22: The Fed is poised to sit on its hands days before the midterms, and every economist in the Reuters poll expects a December hike anyway.
On Tuesday, October 20, the ballots are in, and Rush Lindell and Reagan fight over whether early voting is a warning for Republicans or just people voting early.
Thursday, October 15: Inflation just hit 3.7 percent, and the fight is over whether to blame Trump's war or Warsh's Fed.
On Tuesday, October 13, the House map is the story: is Cook Political Report spotting a real Democratic wave, or are the pundits just stampeding together?
On Thursday, October 8, Rush Lindell and Reagan tackle the question rattling Washington: do more than 700,000 early ballots across 30 states signal real trouble for Republicans, or just a skewed sample?