Why Kevin Warsh should think twice about hiking interest rates — even as anxiety over the Iran war grows

Memo to new Federal Reserve boss Kevin Warsh: Don’t believe the hype – we’re not coming out of a pandemic anymore. And hiking interest rates now would be a major mistake. The white-hot global inflation surge of 2022 clearly traumatized central bankers worldwide, and now they’re seeing boogeymen everywhere. They think high oil prices...