President Trump voiced his dissatisfaction with the Federal Reserve’s decision to raise interest rates but refrained from directly criticizing Fed Chairman Kevin Warsh. This restraint suggests a reduction in political pressure on the central bank’s leadership. Prediction markets now indicate a 46.5% probability of a 25 basis point rate increase in October 2026, a significant rise from previous days. The absence of direct criticism targeting Warsh may have bolstered confidence among market participants in the Fed’s ability to pursue its monetary policy agenda without heightened political interference.
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