# The Fed’s silent treatment

An episode of [Unhedged](https://invisiblenetwork.ai/podcast/1691284824), 9 Jul 2026, 22 min.

Audio: https://sphinx.acast.com/p/open/s/6478a825654260001190a7cb/e/6a4fe54d2b60482dd26d76ac/media.mp3

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.

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