Kevin Warsh’s first Fed test is here: He must navigate hawks ‘on the offensive’ and Wall Street’s hunger for details on regime change
Kevin Warsh is set to lead his first Federal Open Market Committee (FOMC) meeting as the new chair of the U.S. Federal Reserve, marking a significant test of his policy stance. While Wall Street anticipates a dovish approach, potentially involving interest rate cuts, Warsh faces internal opposition from committee hawks who may advocate for rate hikes. He has also expressed skepticism towards the Fed's use of forward guidance and the dot plot, signaling a desire for a policy "regime change." AI
