Kevin Warsh is now leading the Fed. His main challenge is a doozy. - CBS News
1 min readAnalysis by AlgoThesis Editorial Desk
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The story
Kevin Warsh has been sworn in as Fed Chair, replacing Powell, with Trump seeking accelerated rate cuts and Warsh promising 'regime change' at the central bank. The transition creates significant uncertainty around Fed independence, inflation expectations, and the rate path — a setup that reprices duration, dollar, and rate-sensitive equities.
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The house read
Wrong ifWarsh governs hawkishly despite political pressure — his historical record is anti-inflation, and if he resists White House rate-cut demands, TLT rallies and GLD fades, stopping out both legs of the pair. A rapid resolution of trade war tensions also removes stagflation fear and kills the GLD bid.
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