Core Viewpoint - Kevin Warsh's perspective on 'regime change' at the central bank suggests potential tightening of monetary policy, which could lead to challenging conditions for financial markets [1] Group 1: Central Bank Implications - Warsh advocates for a shift in the central bank's approach, indicating that current policies may not be sustainable in the long term [1] - The proposed changes could result in increased interest rates, impacting borrowing costs and overall market liquidity [1] Group 2: Market Reactions - Financial markets may experience volatility as investors adjust to the anticipated changes in monetary policy [1] - The potential for tighter monetary conditions could lead to a reassessment of asset valuations across various sectors [1]