Rise and shine: Warsh’s Fed rate test

The Federal Reserve has raised interest rates for the first time since July 2023. For the central bank’s new chair Kevin Warsh, that decision was a test both of monetary policy and politics. A governor’s election in Okinawa is a boon to Japan’s military ambitions. And why summer is a casualty of climate change. Guests and host: - Archie Hall, acting economics editor - Moeka Iida, East Asia reporter - Andrew Miller, special correspondent - Rosie Blau, co-host of “The Intelligence” Topics covered:  - Federal Reserve, Kevin Warsh, interest rates, inflation - Okinawa, Japan - Summer, climate change, heatwave *Listen to what matters most, from global politics and business to science and technology—*subscribe to The Economist*.* * * * Hosted on Acast. See acast.com/privacy for more information.