Kevin Warsh — The Hawkish Hold and the Fed Remake
Alex and Jordan catch up on Fed Chair Kevin Warsh: the October 28, 2026 FOMC hold at 3.75%-4.00% in a 10-2 vote with Cook and Hammack dissenting for a hike, Warsh's 'we are working on it' message on price stability, his refusal of forward guidance, the Bangkok IMF fireside on the AI investment surge, the new strategy-meeting calendar (seven rate votes in 2027, six in 2028), the five task forces and balance sheet review, and Fed officials calling for at least two more hikes. Next up: the December 8-9 meeting.
The skinny
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