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Kevin Warsh Is Quietly Revolutionising How the Fed Works
CNBC·Monday, 22 June 2026
New Fed Chair Kevin Warsh has set up task forces to rethink 'virtually everything' done at the Federal Reserve, according to CNBC, with the changes described as 'regime change but in a velvet glove.' Bond investor Jeffrey Gundlach said Warsh will not be the 'easy money' chairman many hoped for, and that his tough stance reduces the risk of overly accommodative policy reigniting inflation. Markets are now pricing in a far more hawkish Fed than they had expected.
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The Fed's direction sets the tone for global interest rates, borrowing costs, and capital flows — all of which affect economies and investors worldwide.
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