Kevin Warsh won’t say if the Fed is done raising rates, even as he says the Fed has ‘no tolerance’ for high inflation and Trump pressure looms

Federal Reserve Chair Kevin Warsh stated the Fed has 'no tolerance' for high inflation but did not indicate whether rate hikes are planned, as policymakers remain divided. Inflation data showed a 0.4% monthly decline, with core inflation easing to 2.6% annually, though the Fed's 2% target remains unmet. Warsh also addressed concerns about political pressure from President Donald Trump and cited the Supreme Court's decision to retain Fed Governor Lisa Cook as a sign of the Fed's independence.