“Federal Reserve microphone” Nick Timiraos: In July 2025, when asked if his appeal for the Federal Reserve to cut interest rates was influenced by the president who might appoint him as the central bank, Kevin Walsh said, “When you trade birds for your own feathers, you have to adapt to the times. This has nothing to do with the current president.” Now, given Walsh's statement on the economic situation and a series of events that occurred during this period, investors expect the Federal Reserve to raise interest rates this week. The reason for the rate hike reflects how much the economic outlook has changed since Walsh took charge of the central bank in May.

“Federal Reserve microphone” Nick Timiraos: In July 2025, when asked if his appeal for the Federal Reserve to cut interest rates was influenced by the president who might appoint him as the central bank, Kevin Walsh said, “When you trade birds for your own feathers, you have to adapt to the times. This has nothing to do with the current president.” Now, given Walsh's statement on the economic situation and a series of events that occurred during this period, investors expect the Federal Reserve to raise interest rates this week. The reason for the rate hike reflects how much the economic outlook has changed since Walsh took charge of the central bank in May.