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Trump Wants Lower Rates. The Economy May Pay the Price.

A live reaction to Kevin Warsh’s confirmation hearing, the fight over inflation data, and the political and geopolitical risks hanging over the economy

In this live, I watched Kevin Warsh’s Fed confirmation hearing and focused on the real stakes behind the usual Beltway theater. The hearing quickly turned into a debate over inflation, jobs, housing costs, and whether the Federal Reserve should trust traditional data or redefine the way it measures the economy. Warsh repeatedly argued that inflation is better understood through newer or more refined measures, while senators pushed back with what their constituents are actually feeling: higher grocery bills, higher gas prices, rising insurance premiums, and a general sense that affordability is still getting worse.

The conversation also dug into Warsh’s record during the 2008 financial crisis, his views on regulation, and the concern that he would be under intense pressure from Donald Trump to slash interest rates regardless of consequences. That led into a broader warning about what happens when economic policy is driven by political vanity instead of reality. The live also tied those worries to the war in Iran, oil markets, the petrodollar, and the possibility of wider economic damage if the crisis escalates further.

By the end, the stream framed the hearing as more than a personnel fight. It was presented as a window into how Trump-era economic thinking can distort institutions, dismiss lived experience, and push the country toward instability just as families are already struggling to keep up.

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