Republican Banking Committee Senator Says Fed May Need to Hike -- Market Talk
Dow Jones
4 hours ago
1554 ET - President Trump picked Kevin Warsh to lead the Fed in part because Warsh persuaded the president he was aligned with Trump's demands for lower interest rates. Not all GOP lawmakers appear aligned on that point. One Republican senator on the banking committee--which oversees the Fed--told reporters Wednesday that the central bank may need to raise rates to snuff out inflation. "Inflation is very pernicious, and it's kind of like a tick," Sen. John Kennedy of Louisiana told reporters before voting to advance Warsh's nomination. "If you get a tick, the best way to handle it is to get that SOB off of you immediately." (matt.grossman@wsj.com; @mattgrossman)
(END) Dow Jones Newswires
April 29, 2026 15:54 ET (19:54 GMT)
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