Introduces topic of Kevin Warsh nomination and questions whether market perception of him as hawkish is accurate given political shifts.
Matt Miller
Michael McKee
Warsh has been moving to the dovish camp for over a year, arguing the economy can grow faster with lower inflation, allowing for lower rates.
Michael McKee
If Warsh adopts Chris Waller's view (citing zero job growth), we could see further rate cuts.
Questions whether Jerome Powell might stay at the Fed given the investigation.
Matt Miller
Michael McKee
Powell could stay as temporary chair if Tillis blocks the nomination; question is whether Powell views Warsh as enough of an institutionalist.