******Warsh Signals Hawkish Fed Hold, No Big Changes******
Key Questions
What did Kevin Warsh signal about Fed rate cuts?
This reprices futures to November 2027 with 11 hawks influencing policy.
What factors are influencing the Fed's hawkish hold?
Factors include Trump policy push, 3.3% CPI, Iran oil tensions, challenging soft landing amid market ATHs and vol risks.
Are there any changes in Fed leadership or probes?
DOJ dropped the Powell probe but criticized Fed issues; no policy shifts expected.
Warsh testimony kills 2026 cuts amid Trump push/3.3% CPI/Iran oil/11 hawks to Oct'27 futures; DOJ drops Powell probe, blasts Fed issues—no shifts expected challenging soft landing as ATHs test amid vol risks.
Sources (2)
Updated Apr 26, 2026