• Introduces topic of Kevin Warsh as potential Fed chair pick and market reaction.
    Matt Miller
  • Michael McKee
    Kevin Warsh is a former Fed governor with monetary policy experience and Wall Street familiarity, but known as a big hawk and Fed critic.
  • Michael McKee
    Warsh wants the Fed to concentrate on inflation overall, have a smaller balance sheet, get out of mission creep, and reduce overcommunication.
  • Michael McKee
    Interest rates will come down if inflation comes down, and Warsh can follow inflation rules and maybe be more aggressive once inflation comes down.
  • Michael McKee
    Warsh has argued for operational independence but is willing to work with Treasury Department for cooperation.
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