The Globe and Mail reports in its Friday edition that on Wednesday, Federal Reserve chairman Kevin Warsh voted with his colleagues to raise borrowing costs for the first time in three years. A New York Times dispatch to The Globe reports that the outcome was exactly the opposite of what President Donald Trump wanted. But unlike his previous Fed-related outbursts, Mr. Trump trained his ire on everyone except the man he had picked to head the central bank. The shifting approach underscored the evolving stakes for Mr. Trump and Mr. Warsh as they seek to tame years of inflation at a precarious moment for the United States economy. While the President has hardly abandoned his aggressive pursuit of lower borrowing costs, he has afforded Mr. Warsh more leeway than his predecessor, a recognition of the blowback that might arise from interfering with the new Fed leader. The dynamic was on full display in a conversation between the two men that Mr. Trump revealed to reporters late Wednesday. At some unspecified time before the vote, the President said that he told Mr. Warsh that "you might as well vote with the board because it's just not going to matter," adding that other Fed members were "hostile" and "political" toward him.