Kevin Warsh's first Fed meeting as Chair delivered a surprise—and not the dovish one markets were hoping for.
While the Fed left rates unchanged, the message was unmistakably hawkish. More importantly, Warsh appears determined to reshape the Federal Reserve itself. From questioning forward guidance and refusing to place a dot on the dot plot, to reviewing the Fed's communication strategy, balance sheet and reliance on traditional economic data, the new Chair is signalling that the Warsh era could look very different from the past two decades!
Watch the full episode to find out more!
Intro0:47 Fed under Warsh!
3:45 How the Fed decision echoes across markets
6:00 What will the BoE do?
6:39 The good, the bad and the ugly
