New Fed Chair Warsh Vowed a Policy Overhaul to Crush Inflation When He Took Office. Has He Followed Through?

Key Points Inflation was 3.4% in August, largely driven by higher energy costs from the Iran war. “Trumpflation” might force the Fed’s hand to raise interest rates, despite the president’s preference for lower rates. 10 stocks we like better than Vanguard Total Bond Market ETF › As of this writing, investor consensus in the bond market is that the Federal Reserve will hike interest rates at its next gathering on Sept. 15-16. Recent inflation data has been hotter than expected. Energy prices have surged again due to the Iran war. Long-term interest rates have reached levels not seen since 2007. And President Donald Trump's newly expanded trade war with Canada is unlikely to help.