#WarshTakesFedHelm

About WarshTakesFedHelm

Kevin Warsh officially replaced Powell as Fed Chair today. The dovish governor Miran resigned the same day, having voted against the majority at all six FOMC meetings to push for deeper cuts. His exit removes the last internal resistance to Warsh's hawkish agenda. His first FOMC is set for June 16-17, when markets get their first read on his policy framework. The House continues advancing legislation to narrow the Fed's mandate to inflation control only. The hawkish era is fully underway.