The Federal Reserve – New Leadership, Same Landscape
From Notes on the Week Ahead by Dr. David Kelly
February 2, 2026 · 8 min · Episode 329
About this episode
The episode discusses Kevin Warsh's appointment as Fed Chair and his views on interest rates and the Fed's mandate.
On Friday, the President announced Kevin Warsh as his pick for Fed Chair. Warsh has a track record of hawkishness from his previous stint as Fed governor. He has also annunciated a broad philosophy that the Fed has moved too far from its original mandate by promoting ESG objectives and in enabling excessive federal spending through quantitative easing. That being said, he has argued more recently that the Fed should cut interest rates more aggressively.
People in this episode
Host: Dr. David Kelly
Topics covered
- Federal Reserve
- leadership
- interest rates
- economic policy
- quantitative easing
- ESG objectives
Keywords
- Federal Reserve
- Kevin Warsh
- interest rates
- quantitative easing
- ESG
- economic policy
Mentioned in this episode
Organizations: Federal Reserve
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