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How Kevin Warsh Is Remaking the Fed With a Velvet Glove
Alan Greenspan passed away at age 100 on June 22, 2026 — the same day Kevin Warsh's new approach to monetary policy is reshaping the Federal Reserve. Lucas and Luna trace Warsh's playbook from his 2008 crisis experience to today's 'velvet glove' regime change. They discuss the yield curve at 27 basis points, the VIX creeping to 17.42, and what Warsh's emphasis on communication over rate cuts means for bond investors. Plus: why the death of Greenspan closes a 40-year era in central banking — and why Warsh's Fed might be more transparent but just as powerful…
The skinny
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