Here, Chris discusses President Trump’s Fed Chair nominee Kevin Warsh; a banker right out of D.C. Swamp “central casting,” BUT one whose legitimate views on how the Fed needs to be “reformed” will play fairly well with both sides of the aisle in the Senate. The possible delay in Warsh becoming chair could still roil markets even further: but in the end, Chris discusses his views on what a Warsh Fed will look like (again, he’s FAR from the type of Trump sycophant “MAGA” nominee some thought was coming.) And, you’ll learn the one proposed reform of Warsh’s that could become a major sticking point, especially with those wary of Trump seeking a back door way to get more direct influence over monetary policy. Aside from that, Chris recaps last week’s market activity (especially why the PM’s got belatedly hammered) and explains why EVERYONE’S expectations for 2026 are now going to have to be dialed back somewhat.
