Episode
#364: Chris Whalen: Powell Stays to "Block Trump" — Warsh Faces Major Obstacles and "The Fed Caused High Home Prices"
- Podcast
- The Julia La Roche Show
- Published
- May 2, 2026
- Duration seconds
- 2254
- Processing state
not_requested
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Summary
In this episode of The Wrap, Chris Whalen breaks down what he calls one of the most significant weeks in Fed history — Powell's final press conference as chairman, his decision to stay on as a Fed governor to block Trump from a second appointment, and what it means for Kevin Warsh walking into a hostile committee with the most dissenting votes since 1992. Chris explains why the Fed has been "the key engine of progressive socialism in Washington" since 1935, what a Warsh-led Fed actually looks like in practice, and why the Trump White House missed a political layup by not hanging "the burning tire of home price affordability" around Powell's neck. Plus: why sulfur — not oil — is the one word that sums up the biggest threat to the global economy right now, what China's sulfuric acid export ban means for copper, silver, and inflation, and why distressed real estate is "the next trade." Thank you to our partners at Goldco. Get your free 2026 Gold & Silver Kit at https://goldco.com/thewrap or call 855-573-0817 Links: The Institutional Risk Analyst: https://www.theinstitutionalriskanalyst.com/ The Wrap: https://www.theinstitutionalriskanalyst.com/post/theira840 Inflated book (2nd edition): https://www.barnesandnoble.com/w/inflated-r-christopher-whalen/1146303673 Twitter/X: https://twitter.com/rcwhalen Use the code TheWrap2026 for 25% off your first year of The Institutional Risk Analyst https://www.theinstitutionalriskanalyst.com/plans-pricing Timestamps: 0:00 Welcome & intro — what a week it was 2:05 Powell staying as fed governor 5:08 Warsh — "a hawk on inflation but a supply sider" 7:15 Powell's warning about regional Fed presidents 8:10 What can we expect from a Warsh-led Fed? 11:30 "The burning tire they should have h…