Episode
Warsh Wants Markets to Guide the Fed
- Published
- Jun 18, 2026
- Duration seconds
- 99
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Summary
Fed Chair Kevin Warsh is calling for a radical overhaul of how the central bank operates, arguing markets should steer policy—not the other way around. He wants to ditch forward guidance, letting market prices—based on real data—replace Fed signals as the primary source of economic insight, echoing Alan Greenspan’s philosophy. Critics warn this could spike volatility, especially if inflation doesn’t cool as expected, forcing Warsh to hike rates sooner than planned—possibly by July or September. While the Fed’s goal remains 2% inflation, colleagues expect at least one rate hike this year, pushing markets to anticipate a move by October. The new approach means sharper market swings around economic data, like a hotter-than-expected inflation report triggering a steep bond yield jump—potentially causing short-term turbulence but possibly lowering long-term mortgage rates. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/04811a4d55d471ad