Fed Raises Rates as Warsh Bucks Trump to Contain Inflation

Gift link: https://www.bloomberg.com/news/articles/2026-09-16/fed-raise...

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https://text.npr.org/nx-s1-5968724

Fed independence is a really big deal. I'm glad to see that it still exists.

It’s not actually independent.

In what sense?

By and large it is independent of the whims of the administration because of its goals (specific inflation and unemployment targets) being more or less contraindicative to what administrations want to do (spend money)

True. They are compelled to dance to two tunes. One of them is the bond market, and it is independent.

midnight dementia rage tantrum inbound

two dozen posts? three? assisted by the human printer

and with $6.50 diesel this week, maybe $7 next week by December millions more are going to be living out of their (dead) cars

it's already $8 here in California

Not many diesel cars in the US.

Plenty of diesel trucks though.