Rabo On Regime-Change At The Fed: What Warsh Can (And Should) Do First

The initial welcome for new Fed Chairman Warsh is fading as members of the FOMC are pushing back against his easing policies. With several committee participants advocating for a more neutral stance, it's becoming tougher for Warsh to pursue rate cuts. This shift in sentiment signals a potential regime change in Fed strategy, which could have broader implications for monetary policy and market stability. The outcome will likely shape economic decisions for months to come.