Fed Chair Kevin Warsh, Welcome to Your No-Win Scenario, Courtesy of President Donald Trump

Fed Chair Kevin Warsh faces a no-win scenario as inflation has surged to 4.2% (a three-year high) due to Trump's policies including tariffs and military actions, while Trump simultaneously pressures the Fed to cut rates. Warsh must choose between raising rates to combat inflation (risking Trump's ire and potentially slowing the AI-driven market rally) or holding rates steady (appearing to capitulate to Trump and damaging the Fed's credibility).