Welcome to the Party, Mr. Warsh (FvF Ep. 188)
About this episode
Ryan Detrick and Sonu Varghese discuss the implications of Kevin Warsh's appointment as Fed Chair, comparing it to Jerome Powell's debut and analyzing market reactions.
In Episode 188 of Facts vs Feelings, Ryan Detrick, Chief Market Strategist at Carson Group, and Sonu Varghese, Chief Macro Strategist at Carson Group, welcome new Fed Chair Kevin Warsh the only way they know how: with data, context, and zero sugarcoating. When Jerome Powell took over in February 2018, the Dow dropped 4.6% on his first day, the worst debut of any Fed chair in modern memory. This time, it’s not the equity market doing the hazing. It’s the bond market. The 30-year Treasury yield...
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