Ahead of the midterms, Natasha Sarin and Catherine Rampell unpack the state of the economy — and how much responsibility the president bears for it.

© The New York Times

High inflation, low growth and rising unemployment can be added to the federal treasurer’s wall of worries

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Jim Chalmers in a speech last week offered the scant encouragement that the economy would be “a bit better” in a year’s time.

Fast forward to Friday morning, and the treasurer revealed that his officials were busy downgrading their forecasts ahead of December’s mid-year budget update to show slower growth and higher unemployment.

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© Photograph: Mick Tsikas/AAP

© Photograph: Mick Tsikas/AAP

© Photograph: Mick Tsikas/AAP

Fed Chair Kevin Warsh told investors he wasn't providing forward guidance, and investors decided this was guidance that the Fed would not raise rates.

The post Breitbart Business Digest: Wall Street Is Daring Kevin Warsh to Raise Interest Rates appeared first on Breitbart.