Fed Rate Hike Amid Policy Fallout | Durham News

The Fed just raised rates for the first time since last summer, defying expectations and sending shockwaves through markets. Chair Kevin Warsh, brought in to cut rates, now cites a booming economy and global competition for capital — but the real drivers are policy: tariffs inflating prices and Middle East turmoil jacking up oil costs, making diesel the most expensive ever in the U.S. Warsh insists the Fed stays neutral, blaming fiscal and trade policy on Congress — yet it’s hard to ignore how those decisions directly shape the economic landscape he must navigate. The result? A record $2 trillion deficit this year, forcing Americans to pay steep borrowing costs from their own future. While some get tax breaks, everyday folks are footing the bill — a stark reminder that bad policy doesn’t just hurt the government, it hurts you.

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