We have to talk about Kevin…

Blain's Morning Porridge · Feb 3, 2026 · 10m

Blain’s Morning Porridge Feb 3, 2026 – We have to talk about Kevin…

“I would say [Fed Policy] has been in some sense Reverse Robin Hood.”

The nomination of Kevin Warsh as next Fed Chair has been rationalised as positive for stability and managing Trump. But will a new name on the desk means certainty will return? Nothing really changed within the Administration – Trump remains Trump and has a massive War Chest to fight the coming bitter Midterms.

There was a relieved nodding of heads when Kevin Warsh was announced as Trump’s nominee for the Chair of the Federal Reserve last week. Most Fed…