traditions, culture, and collegiality of the Fed. We believe Powell will cede the spotlight to Kevin Warsh, if he is confirmed by the Senate, and make a graceful exit from the central bank.Conclusion: We Expect Fed to Maintain Credibility; Remain Constructive on Stocks, Underweight Fixed IncomeThe Fed has done enough to maintain a solid economy, in our view, and now it must pause to see if the economic data supports its current monetary policy. As for the political and leadership headwinds, we believe the b ...