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Fed watchers: midterm results may shift Warsh’s focus to inflation control

Some Federal Reserve watchers judge that midterm election results could ease political pressure on Fed Chair Kevin Warsh, allowing him to focus on controlling inflation. President Trump, who nominated Warsh in May, has repeatedly called for rate cuts since his 2024 re-election. New Century Advisors chief economist Claudia Sahm said if the elections lead Trump to end the Iran conflict and drop further tariffs, the Fed may not need to raise rates again at all.

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