Introduces Kathy Jones and asks for her thoughts on Kevin Warsh as potential Fed Chair and what a 'Warsh Fed' would look like.
Host
Kathy Jones
Kevin Warsh's history as a hawk during the financial crisis is puzzling given Trump's desire for low rates. His appointment creates market confusion.
Asks for analysis of the market reaction to the Warsh pick, noting yields ticked up and stocks are off.
Host
Kathy Jones
Initial betting on Warsh caused yields to rise and risk assets to sell off. Markets are taking a cautious approach due to uncertainty about what policies he would advocate.
Asks how recent strong economic data and Powell's FOMC comments feed into expectations, given the hot PPI print.
Host
Kathy Jones
Current data doesn't justify pricing in rate cuts. Strong GDP, fiscal stimulus, and easy financial conditions suggest this is not the time to cut, despite market expectations.