#WarshFedEraBegins

About WarshFedEraBegins

Kevin Warsh officially replaces Powell as Fed Chair tomorrow (May 15). The House is reviewing amendments to narrow the Fed's dual mandate to inflation-only. If passed, the Fed loses its justification for cutting rates on labor market weakness alone. Cuts would only come once inflation returns to 2%. This aligns with Warsh's hawkish record, and combined with the CPI+PPI double beat, a structurally hawkish monetary policy era is taking shape.

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