Who Is the New Fed Chair?

The podcast analyzes Donald Trump's selection of Kevin Warsh as the next Federal Reserve chair, exploring the potential implications for the economy and the Fed's future direction. It highlights Warsh's background as a Fed insider turned critic and his evolving views on monetary policy, particularly his recent advocacy for lower interest rates, contrasting this with his earlier stance on Fed independence. The discussion also covers the unusual circumstances surrounding Warsh's appointment, including an ongoing investigation into current Fed chair Jerome Powell and its potential impact on the Senate confirmation process. The analysis suggests Warsh's appointment signals a potentially significant shift in the Fed's approach to economic policy, though the extent and speed of these changes remain uncertain due to the institution's inherent inertia and the need for consensus among its members.