Dominoes are steadily falling in the path of the rate cuts Trump wants to see from Kevin Warsh

Incoming Fed Chairman Kevin Warsh has not committed to the rate cuts desired by President Trump, despite a more optimistic economic outlook. The case for lowering interest rates is becoming increasingly challenging as inflation remains problematic and short-term Treasury yields rise, indicating market skepticism about future rate cuts. The recent spike in 2-year Treasuries to over 4% reflects these concerns and the complexities surrounding monetary policy decisions.