"Federal Reserve's megaphone": Energy price rises intensify the Federal Reserve's transition problem, Walsh is in a dilemma

On March 23, Nick Timiraos, the "sounding board of the Federal Reserve", said that soaring energy prices had made the Federal Reserve's already difficult transfer of power more difficult. This process is already quite complicated. Kevin Walsh's appointment was stalled by a Justice Department investigation and Tillis's obstruction. Moreover, unlike previous Fed chairmen since Volcker, Washi promised to break completely with his predecessor rather than continue his policies. Markets are now expecting a 50 - 50 chance of raising interest rates this year, which could put Washi in a dilemma between the president who nominated him and the committee he is about to lead. In 2008, oil prices suddenly soared after a cycle of aggressive interest rate cuts. At the time, Walsh strongly pointed out that inflation risk was "the main risk" and suggested that the Fed's next step should be to raise interest rates. Trump expects exactly the opposite.