On January 30, Jin10 reported that Sonu Varghese, a global macro strategist at Carson Group, expressed concerns about the potential nomination of Kevin Warsh as the Federal Reserve Chair. According to Jin10, Varghese noted that Warsh has historically been hawkish, despite his recent discussions on interest rate cuts. If Warsh advocates for significant rate reductions upon joining the Federal Reserve, he may struggle to convince others of the necessity for further cuts. This scenario could lead to a deeply divided committee that refrains from implementing rate cuts altogether. In the short term, a potentially hawkish Federal Reserve could increase market volatility.