---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40892667.md"
description: "CIBC Capital Markets chief economist Avery Shenfeld said, "Warsh will be tested from day one."He noted that Trump wants to cut interest rates as soon as possible, but Warsh may not be willing to support this stance in the short term.Currently, the resurgence of inflation in the U.S. has significantly altered market expectations for the Federal Reserve's policy path.Just a few months ago, the market widely believed that the Federal Reserve might cut interest rates once or twice this year to give the new chairman a certain "honeymoon period." However, with the Iran war pushing up oil prices and the latest U.S. inflation data consistently exceeding expectations, the market is now even beginning to worry that the Fed's next move might not be a rate cut, but a rate hike."
datetime: "2026-05-18T20:35:26.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40892667.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40892667.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40892667.md)
author: "[私董會](https://longbridge.com/en/profiles/18195697.md)"
---

# CIBC Capital Markets chief economist Avery Shenfel…


## Comments (1)

- **私董會 · 2026-05-19T03:58:16.000Z**: It's probably going to be the same situation tonight.