Behind Bessent Moves, Wall Street Sees Sign of Bond-Market Angst

According to the Wall Street Journal, Donald Trump has taken to regularly calling Kevin Warsh, the new man in the hot seat at the US Federal Reserve, to seek his advice on the economy, the effect of the war against Iran on inflation, and the impact of AI. Nothing wrong with that, it might be said. As Fed chairman, Warsh is one of the most powerful officials …