Trump eased pressure on Fed Chairman Kevin Warsh. Inflation sits at 4%. The president still wants rate cuts. His advisors told him to give Warsh "space." This is what passes for monetary policy discipline in 2026.
Warsh inherited a central bank that prints money when the economy overheats and prints money when it collapses. He's now being praised for not immediately doing whatever a man who bankrupted three casinos tells him to do. The bar is underground. It's actually beneath the Earth's crust. Geologists are studying it.
Inflation tops 4% and the president "repeats calls to cut" rates. That's like your house being on fire and your neighbor suggesting you add gasoline because he doesn't like the color of the flames. But sure, let's give Warsh space. He's clearly thinking very hard about whether to hose down the fire or listen to the man with the jerry can.
Every retail trader with a Robinhood account just read "eases pressure" and "cut rates" and immediately bought the dip on leveraged tech ETFs. They're now explaining to their wives that Kevin Warsh getting "space" from Trump is actually bullish for companies that lose money. Their wives are googling divorce attorneys. The attorneys are also buying the dip.
The headline says Trump's economic advisors are giving Warsh space. Not respect. Not autonomy. Not independence. Space. Like he's a teenager who needs alone time after failing a math test. The Federal Reserve chairman is being managed with the same language you'd use for a golden retriever that keeps pissing on the carpet.
Warsh will cut rates within three months and inflation will hit 5% and Trump will tweet that he called it and everyone will pretend this was impossible to predict.
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