"Hawkish" Warsh Leading the Fed Could Trigger Internal Rifts and Market Volatility

Odaily News According to Sonu Varghese, Global Macro Strategist at Carson Group, if Kevin Warsh is indeed the nominee for Fed Chair, we might ultimately end up with a Fed that is somewhat hawkish-leaning. Kevin Warsh has historically been a hawk, even though he has recently been talking about rate cuts. If he enters the Fed advocating for significant rate cuts, he may not have much credibility in persuading others that further cuts are needed. We might even end up with a deeply divided committee that doesn't cut rates at all. In the short term, a potentially hawkish-leaning Fed could increase market volatility. (Jin10)