About this episode

Katie Martin and Rob Armstrong discuss the Federal Reserve's current stance under Kevin Warsh amidst ongoing economic challenges.

The US-Iran conflict is back on, inflation is sticky and US interest rates are steady — for now, anyway. Today on the show, Katie Martin and Rob Armstrong discuss the quieter Fed under new chair Kevin Warsh, and try to make sense of his silence. Also, they go long ducks and novelty political candidates from outer space.  For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer . You can email Robert Armstrong and Katie Martin at unhedged@ft.com . Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

People in this episode

Hosts: Katie Martin, Rob Armstrong

Topics covered

• US interest rates
• inflation
• Federal Reserve
• political candidates
• US-Iran conflict

Mentioned in this episode

Organizations: Federal Reserve, FT.com

Places: US, Iran

More episodes of Unhedged

• Should private credit be public? · July 16, 2026 · 21 min
• Everything is awesome … for banks · July 14, 2026 · 14 min
• Software stocks got crushed. Did they have it coming? · July 7, 2026 · 20 min
• Halftime for the markets · July 2, 2026 · 23 min
• New UK prime minister, same bond market · June 30, 2026 · 21 min
• Tech shares zigzag · June 25, 2026 · 19 min

Explore listener stats, chart rankings, contacts and more on the Unhedged podcast page.