Now that President Donald Trump has announced his pick to helm the Federal Reserve after a stage-managed race, all eyes in the financial world are turning to how Kevin Warsh will shake up the central bank if he's confirmed to the post. Last year, Warsh reiterated his support for what he called "regime change" at the Fed, blaming the central bank for failing to prevent pandemic-era inflation in the first half of the Biden administration. "They have lost credibility," Warsh said in a June 2025 Fox News inte ...

Group 1 - The consensus is leaning towards a hawkish cut with minimal commitment to further cuts, which aligns with market expectations [1][2] - The number of dissenting votes and their sources will be crucial in shaping future guidance from the Federal Reserve [2][3] - The dot plot's representation of potential future cuts will influence the language used in the Fed's statements, emphasizing data dependence [3][4] Group 2 - A significant number of dissenting votes could undermine Chair Powell's leadership and policy choices [4][6] - There is skepticism about the actual number of dissenters, with expectations that appeals for unity may reduce dissenting opinions [6][7] - Historical context suggests that calls for unity have been made in the past during challenging times, indicating a potential strategy for the current Fed leadership [6][7]

And yet on the committee, we have pushback almost. Maybe after that, Fed Governor Michael Barr had this to say. I'm concerned that we're seeing inflation still around 3%.Inflation is closer to three, that it is to two. What do you make of that argument. How persuasive is it.It's not persuasive to me, and I'll tell you why. All of the inflation excess, almost all of the inflation excess is a mirage. It's not indicative of supply demand imbalances.And so, for example, if you look at the housing market, right, ...