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Patience is wearing thin with the Fed’s approach to inflation From aol.com According to the Wall Street Journal, Donald Trump has taken to regularly calling Kevin Warsh, the new man in the hot seat at the US Federal Reserve, to seek his advice on the economy, the effect of the war against Iran on inflation, and the impact of AI. Nothing wrong with that, it might be said. As Fed chairman, Warsh is one of the most powerful officials in the world; it would seem almost remiss of the president not to seek his counsel. Moreover, it is common practice for the US treasury and the Fed to consult each other. But it is unusual for the White House itself to do so, and this has reignited fears that when ... (full story)

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