Core Viewpoint - Greenlight Capital's David Einhorn believes the Federal Reserve will implement more interest rate cuts this year than currently anticipated, which boosts his confidence in gold investments [1][2]. Interest Rate Expectations - Traders are pricing in over an 88% chance of two quarter percentage point cuts by the end of the year, despite a slight decrease in rate cut expectations following a strong January jobs report [1]. - Einhorn argues that the market's interpretation of the jobs figures as a reason to avoid rate cuts is incorrect, suggesting that the actual number of cuts could exceed current expectations [2]. Fed Leadership Influence - Einhorn anticipates that Kevin Warsh, nominated by President Trump to succeed Jerome Powell as Fed chair, will advocate for rate cuts even if the economy appears strong [3]. - He believes Warsh will focus on productivity arguments to persuade the committee to cut rates [3]. Gold Market Dynamics - Gold, which experienced a sell-off after Warsh's nomination due to reduced concerns about Fed independence, has since recovered, with futures up over 17% this year [4][5]. - The yellow metal has surged more than 60% in 2025 and over 120% since 2024, driven by concerns over central bank independence, geopolitical tensions, and unstable trade policies [5].

Kevin Warsh: supply-side optimist, inflation hawk and defender of central bank independence? We'll see (via @opinion) https://t.co/Ghgdl8srN0 ...

Donald Trump's love of retribution migh complicate his dream of naming a n Federal Reserve chairman. Yesterday, Trump officially announced that the former Fed governor, Kevin Warsh, would be his pick to succeed Jerome Powell as the chair in May. Warsh has built a reputation as a Fed critic who thinks the central bank has drifted beyond its mandate, but Trump's constant targeting of Powell, the current Fed chair, is putting Warsh's Senate confirmation in question.Republican Senator Tom Tillis, who sits on bo ...

So really the the the point of of uh independence is not to protect policy makers or anything like that. It just is that every advanced economy democracy in the world has come around to this common practice. It's just an institutional arrangement that is that has served the people well and that is to to have a separation between uh to not have direct elected official control over the setting of monetary policy.And the reason is that monetary policy can be used, you know, through an election cycle to to affe ...

Do you worry about central bank independence. Real central bank independence. >> I think we have to earn that independence and I think we have to be accountable for this independence.But the independence is critically important to make sure that the decisions are as unbiased as possible and only determined by by the you know the macroeconomic analysis and the the anticipation of what monetary policy will do. The passing of time is something that we have to take into account and if in between you have an ele ...

- We will live in a world which is more volatile, which is more prone to shocks and which has clearly fragmented under our eyes in the last few years. - Is this just because of the cycle of humanity. - There's probably something much deeper.I hope we come to a moment of reckoning where we realize that there is only one planet, that the distribution of revenue is clearly important and where we have to live in a society that is not utterly divided and hostile to each other. - Madame Lagarde thank you so much ...

Will you emphasize to the president the importance of Fed independence. >> Absolutely. I spent 20 years of my life working on central bank independence and why it was important.There's no doubt. I've got a long paper trail of this. The one thing everybody always forgets in central bank independence is there's another side of it which is accountability.There's no institution in this country that is unaccountable to the electorate. that that's not and that's pe what people often forget is that we want central ...

you're going to uh be meeting with the president later today. And first of all, yeah, it's what that we reported that. Um I want to thank you for continuing to keep your appointment at this for this conversation, which other people might have otherwise.Uh but um I'd like to say the president called me into a pre-in, but that's not precisely what happened. The president has said that he thinks he ought to have a say in interest rates. Um I imagine he might say that to you. I wonder if you might share your re ...

An under-the-radar Fed vote just eliminated Trump’s most Machiavellian path to undermining central bank independence, @jonathanjlevin says (via @opinion) https://t.co/hN7UGZATFU ...

The US Supreme Court scheduled arguments for Jan. 21 on Trump’s effort to fire Federal Reserve Governor Lisa Cook in a pivotal clash over the central bank’s independence. https://t.co/4SuTdqtBcL ...