New Fed Chair Warsh Faces War-Driven Inflation With No Clean Rate Move

🏦 FED — Warsh inherits a war-inflation trap with no orthodox exit. 📌 LOOK CLOSER: With oil at $94 and Hormuz blocked, Warsh faces inflation rate hikes can't fix — it's supply shock, not demand excess. Raising rates slows growth without touching energy prices; holding rates lets inflation embed at 4%+. The Fed's standard toolkit is built for the wrong problem. Watch for Treasury-Fed coordination signals as the political pressure on Warsh mounts.