right thing

CHICAGO — Just a few days ago, new Dodgers pitcher Tarik Skubal was on the other side, on a mid-market Detroit Tigers team that had hoped to unseat the Dodgers from the top of the league, before a disappointing season made them sellers at the trade deadline.

Still, with that perspective, he wasn’t going to entertain any talk about the Dodgers ruining baseball.

“I don’t really sympathize with people that blame the Dodgers for anything they’ve done,” Skubal said from the Barrel Room at Wrigley Field on Monday. “They’ve developed a really good organization. They draft well. They acquire talent really well. They retain talent. It’s a winning organization. Now the complaints seem to be [happening] because they’ve won the last two World Series. I don’t think it was like that three years ago. So I don’t really sympathize with people that are complaining. Because the Dodgers do all the right things.”

Skubal didn’t want to talk about his impending free agency. And he said he did not have any conversations with Tigers president of baseball operations Scott Harris about preferring to be traded to the Dodgers. Before the trade, he told Tigers reporters that he wanted to remain with the only team he’d known and compete for a championship there.

“Initial reaction, there was a lot of emotions,” Skubal said. “I spent eight years with the Detroit Tigers. That place will always be special to me no matter what. In the same breath, I’m excited to be here with these guys. When you watch them from across the way, see them do their thing on TV, you just have a lot of respect because they play the game the right way.

“The entire focus of this organization is on winning championships and that is my entire focus — playing baseball — so we’re very much aligned. I’m ready to go out there and compete and give this organization and city everything that I’ve got.”

The Dodgers put the final touches on their trade deadline, adding catching depth as Dalton Rushing went on the 10-day injured list with a sprained left elbow. The Dodgers added two backstops they’re already familiar with in Ben Rortvedt and Hunter Feduccia. They also added left-hander Kris Bubic, who is dealing with a shoulder injury.

It was clear all along, however, that Skubal was going to be the biggest splash of the deadline — for any team, really. And fuel for frustrated baseball fans upset about the Dodgers acquiring another star player.

“I think the Dodgers have done a fantastic job in player development,” said Cubs president of baseball operations Jed Hoyer, who also engaged in trade talks for Skubal. “They have a really good farm system, and Scott [Harris] did the best thing you could do for the Tigers and got a lot of talent back. And obviously they did the best thing for their team.

Dodgers pitcher Tarik Skubal throws in the outfield before the team’s game against the Chicago Cubs at Wrigley Field on Monday.

(David Banks / Associated Press)

“And he’s an incredible pitcher. I mean, there’s no question about that. And I guess we’ll see firsthand. But I know there’s been a reaction around baseball about it, but they put themselves in positions to do that deal, and they did, and that’s exactly what they should be doing.”

Skubal had accepted by the end of his last start that he was going to be moving on.

“Losing that game kind of felt like that was kind of it for me in Detroit,” he said. “So not surprised, but that didn’t make the news any easier because I love a lot of those people there. I’ve got a lot of respect about what they do and how they go about their business. A lot of those guys are like my best friends on and off the field. I wish those guys nothing but the best. I’ll be rooting for them, unless we’re playing.”

He officially starts a new chapter Tuesday, taking the mound for the Dodgers at Wrigley Field.

“They’ve been a pretty good baseball team without me,” he said. “So I’m going to show up and kind of be a chameleon in a sense and fit right in with these guys and just jell with them. They’ve got the winning recipe. They know what it takes to win.”

No date will ever top Oct. 27, 2002, the date the Angels won their lone World Series.

We could talk about Sept. 30, 1984, the date Mike Witt threw the Angels’ lone perfect game. Or June 9, 2009, the date the Angels drafted the best player in franchise history, Mike Trout. Or July 29, 2018, the date Vladimir Guerrero became the first player to wear an Angels cap on a Hall of Fame plaque.

Or, if you care to look at it from a cynical angle, that fateful fall day in 1979 when then-general manager Buzzie Bavasi said he could replace Nolan Ryan, who had just gone 16-14 in his final year in Anaheim, with “two 8-7 pitchers.”

This isn’t about trivia. This is to say that Monday might well be remembered as one of those significant dates in Angels history.

In recent years, the Angels have deluded themselves and their fans with such beliefs as: they had assembled a young core that could win; Shohei Ohtani really wanted to stay; and the universally and consistently poor rankings of their minor-league system should be dismissed.

On Monday, John Mozeliak changed all that. The Angels’ interim general manager traded seven players off the major-league roster ahead of the trade deadline, including five within the final nine hours. Mozeliak imported nine prospects, only one of which will report to the major-league team.

It was one thing for owner Arte Moreno and new team president Molly Jolly to recruit Mozeliak six weeks ago and promise that he could embark on a desperately overdue rebuild.

To see it actually come to fruition? Maybe there really are Angels in the outfield.

“What’s really impressive for me is just the amount of trust I’ve been granted,” Mozeliak said.

The Angels finished in last place last year, and the year before that. They are on pace to lose 100 games this season, for the first time in franchise history. Their postseason drought is about to hit 12 years, the longest in baseball.

But now there is a plan, not just a bunch of ifs and hopes, even if the Angels might have to take another step back to take two steps forward.

“I would say we took a step forward today,” Mozeliak said on a videoconference after the trade deadline passed.

Prospects! Tell me more!

Arjun Nimmala takes part in batting practice for the Toronto Blue Jays on July 14, 2023.

(Vaughn Ridley / Getty Images)

The only top-50 prospect the Angels acquired: shortstop Arjun Nimmala, 20. The Toronto Blue Jays swapped him and two other minor leaguers for pitcher José Soriano. Mozeliak said Nimmala is about two years from the majors.

The only prospect coming to the majors: catcher/designated hitter Moises Ballesteros, whom Mozeliak said would DH in two of the next three games.

That means Jorge Soler won’t be the DH for the moment. Who was traded?

Soriano, outfielder Jo Adell, catcher Logan O’Hoppe and relievers Ryan Zeferjahn, Brent Suter, Kirby Yates and Chase Silseth. All but Suter and Yates were under the Angels’ control beyond this season.

And who was not traded?

In addition to Soler, pitcher Reid Detmers and shortstop Zach Neto (“We definitely listened to offers, but we were not comfortable with the offers we received”) and first baseman Nolan Schanuel (“He was asked about, but not to the level of others”).

Mozeliak had said last month that a Trout trade was “not happening.” He said Monday that he had invited Trout to observe the team’s war room ahead of the trade deadline.

“He’s the face of this franchise,” Mozeliak said. “From where I stand, from being around him, we want to get this better for him, and for others. Our fans want to see winning.”

Mozeliak had said the Angels should not need a total rebuild because the resources available to a major-market team should mitigate the need to tank and just play kids. Does he believe the Angels could be better next season?

Hear it from him: “We need to remain disciplined and patient to a process and not just try to rush some people to the big leagues. … If they’re not ready, and we’re not ready to compete with that group, that’s where we’re going to augment using more of the free-agent model.”

This is starting to sound like a long-term plan. Is Mozeliak here for the long-term, as most inside the industry believe he is?

Mozeliak insists he hasn’t decided if he wants to stay, and he hasn’t yet met with Moreno and Jolly to discuss the matter. But he said two things that stuck out to me.

One: “It’s fun being back in the game. I didn’t realize how much I missed it.”

Two: “We have made a difference. Change has been real.”

WASHINGTON — Ever since Kevin Warsh was nominated by President Trump in late January to lead the Federal Reserve, a question has lingered: Will he seek to raise interest rates to tame inflation or cut them as Trump has long demanded?

On Wednesday, Warsh may provide the first hints of an answer when he oversees his first Fed policy meeting as chair and holds a news conference afterward. Bond markets, which can swing sharply on a chair’s pronouncements, will be watching particularly closely for any signs of which way he leans.

“We expect the press conference to be pivotal,” Jonathan Pingle, an economist at investment bank UBS, wrote in a note. “This will be Kevin Warsh’s first public appearance as Chair. … We do not really know what his policy views are.”

Economists say Warsh will likely aim for a neutral approach, largely because he is taking over the Fed at a challenging time. Rising inflation has made it all but impossible for the Fed to cut interest rates anytime soon, which could stimulate growth and further raise prices. Hiring has improved noticeably since the beginning of the year, removing another key rationale for rate cuts. And the other 11 policymakers on the Fed’s rate-setting committee — including Warsh’s predecessor, former chair Jerome Powell — are split on whether an increase in the Fed’s key rate will be needed or if it can stay unchanged.

High inflation puts Fed in tough spot

Oil prices have fallen sharply on news that the U.S. and Iran have reached an initial deal to end their war, which could eventually cool inflation. Yet it’s unclear whether a permanent agreement can be reached.

“The right thing to do now is wait and see,” said William English, an economist at the Yale School of Management and a former top Fed economist.

Inflation has jumped to a three-year high of 4.2%, the government said last week, mostly because of higher gas prices. Even Trump has backed off a bit from his relentless demands for lower rates, and instead has argued that rate hikes — which the Fed undertakes to cool the economy and slow inflation — aren’t necessary.

In an interview earlier this month on NBC’s “Meet the Press,” Trump said, “Kevin is fantastic and I want him to do whatever he wants,” but added, “there’s no reason to raise rates.”

On Wednesday, the Fed is widely expected to keep its key rate at about 3.6%, where it has remained since last December. When the Fed reduces its rate, over time it can lower other borrowing costs for things like mortgages, auto loans, and business loans.

Changes likely to dash hopes for those seeking lower rates

Still, some changes are expected, which will disappoint those hoping for lower borrowing costs: The Fed is likely to drop language that suggests its next move will be a rate cut, and instead adopt wording that is more neutral. Several Fed policymakers in recent weeks have said that the Fed’s most likely next move is a hike, rather than a cut.

The central bank is also scheduled to release its quarterly economic projections, which include forecasts for how the Fed’s key rate will change over the next three years, on Wednesday. In March, those projections suggested the Fed would cut its rate once this year. Yet on Wednesday they will likely show no change in 2026, with maybe one or two cuts next year, economists say.

Warsh has criticized the projections for providing too much “forward guidance” to financial markets and leading Fed officials to stand by their forecasts for too long, even as the economy changes. Fed watchers will look closely to see if Warsh participates in the quarterly projections. If he doesn’t submit his own forecasts, it could be a sign he will seek to get rid of them entirely in the coming months.

Warsh to bring a new approach to Fed leadership

Outside of policy, Warsh is expected to bring a different style to the Fed than Powell, according to people who’ve worked with him. He wants Fed policymakers to give fewer speeches, have more debates behind closed doors and will likely avoid commenting on the daily ups and downs of the economy. Powell was relatively plainspoken and straightforward, while Warsh has suggested he sees the famously oracular Alan Greenspan, the Fed’s chair from 1987 to 2005, as a model.

“He’s just going to say less, because he doesn’t find that stuff very helpful,” said Robert Tetlow, a former senior policy adviser at the Fed.

Randall Kroszner, an economist at the University of Chicago who served on the Fed’s governing board from 2006 to 2009, when Warsh was also a governor, said the new chair would likely focus on bigger-picture questions, such as how AI will impact the economy. He will avoid thornier issues, such as whether tariffs raise inflation, which Powell was willing to address.

By avoiding such hot-button issues, the Fed could attract less negative attention from the White House, Kroszner said.

“He’s going to stay away from those,” Kroszner added. “If the Fed is to maintain its independence, it needs to maintain its focus.”

While seeking Trump’s nomination, Warsh called for “regime change” at the Fed and criticized the central bank for not preventing the 2021-22 inflation surge, when prices jumped 9.1% in a year, the biggest spike in four decades.

Yet Kroszner said Warsh will likely to seek to build consensus around changing things like the Fed’s communications policies, rather than imposing them. So far, former Fed officials say he hasn’t sought to fire top staff.

“He’s not there to break things,” Kroszner said.

During his Senate confirmation hearing in April, Warsh said he would focus on quelling inflation.

“Inflation is a choice, and the Fed must take responsibility for it,” he said then.

If he acts on that sentiment by keeping rates unchanged — or even raising them — Trump could end up disappointed in another Fed chair. He often threatened to fire Powell, whom he also appointed, for not cutting rates deeply enough.

“There’s at least a risk here that six months down the road, Trump is fulminating about how he didn’t get what he wanted from Warsh, and he’d like to fire Warsh,” English said.

Rugaber writes for The Associated Press.