The Fed Chair Caught Between Hawks and Hawks in Disguise Federal Reserve Chair Kevin Warsh has been navigating treacherous waters for a while now, but nothing quite like the perfect storm brewing around him as he prepares to face the central bank's September meeting.
Expectations of an interest rate hike continue to rise, putting Warsh between two sets of hawks: those clamoring for higher rates and those who, with President Trump at their behest, demand cuts.
Warsh's own words from late August – "work to do" if underlying inflation fails to hit its 2 percent target – seem almost quaint in retrospect.