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Fed Chair Warsh Looks Less Hawkish Than Billed as Inflation Case Gets Challenged

6/30/2026

The argument that inflation fears are overblown is gaining ground — and Federal Reserve Chair Kevin Warsh is at the center of it.

Warsh, long cast as a rate-hike hawk, is reading as less aggressive than his billing, a recalibration that matters for anyone holding a view on where rates — and equities — go next.

The Rate-Hike Camp's Blind Spot The inflation bears are getting the read wrong, the analysis contends.

Inflation isn't running as high as the rate-hike camp believes, and that miscalculation cascades directly into how markets are priced.

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