🚨 BREAKING:
Kevin Warsh just laid out his vision for the Fed — and it’s a big shift.
Key takeaways:
• Says cost of living is the top priority
• Claims the Fed has “lost its way” with policy
• Calls for major reforms to how policy is run
• Emphasizes independence from Trump
• Notes presidents typically push for lower rates
• Pushes back on forward guidance strategy
• Questions the accuracy of inflation data
• Says tariffs are not the main inflation driver
🧠 Big picture:
This signals a more aggressive, reform-driven Fed approach if confirmed.
Markets may see:
• Less predictable guidance
• Potential policy shifts
• Stronger focus on real-world cost pressures
This isn’t status quo Fed thinking.