A Warsh Pick Changes Game Now, Not Later: 3-Minute MLIV

Drum roll please, your views on Kevin Warsh and what he would mean for markets. I think this is a big moment for markets in the short term in terms of we've talked over this month about some crazy moves and about kind of some frothy price action in markets. This is now the catalyst to to change things around.And let me explain why I think that relative to expectations as priced, this is a surprising outcome in terms of its kind of enforcing Fed credibility and Fed independence relative to what's priced. Thi ...