CNBC – Real Estate

Analysis: What Might Trip up Kevin Warsh and His Agenda as Fed Chair

Kevin Warsh, a former Fed governor backed by President Trump, is poised for a contentious nomination as Federal Reserve chair. He advocates rapid rate cuts despite $100‑a‑barrel oil prices and rising inflation forecasts, while also promising to slash the Fed’s $6.7 trillion balance sheet. Senate confirmation may stall because Sen. Thom Tillis links a vote to a Justice Department probe of current Chair Powell. Markets currently price a 35‑40% chance of a rate hike by year‑end, leaving little room for the cuts Warsh and Trump desire.