Chairman of the U.S. Federal Reserve Kevin Warsh.Chairman of the U.S. Federal Reserve Kevin Warsh.
President Trump will not get what he wants from Kevin Warsh, a source tells us, as inflation will force the Fed upwards
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Good morning. On Fortune’s radar today:
- Fed whisperer: Warsh’s old colleague says brace for higher rates.
- Markets: Ignore the war. Focus on the peace.
- Damn the IRGC drones! Traffic through the Strait of Hormuz is improving.
- Yikes: Data shows AI really is killing jobs, Goldman Sachs says.
- OpenAI’s IPO valuation will be higher than the employee tender offer, investor says.
- Must-read: The conspiracy theory behind Red Lobster’s “Endless Shrimp” fiasco.
This story was originally featured on Fortune.com
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