#364: Chris Whalen: Powell Stays to "Block Trump" — Warsh Faces Major Obstacles and "The Fed Caused High Home Prices"

About this episode

Chris Whalen discusses significant developments in the Federal Reserve and their implications for the economy and real estate market.

In this episode of The Wrap, Chris Whalen breaks down what he calls one of the most significant weeks in Fed history — Powell's final press conference as chairman, his decision to stay on as a Fed governor to block Trump from a second appointment, and what it means for Kevin Warsh walking into a hostile committee with the most dissenting votes since 1992. Chris explains why the Fed has been "the key engine of progressive socialism in Washington" since 1935, what a Warsh-led Fed actually looks like in practice, and why the Trump White House missed a political layup by not hanging "the burning tire of home price affordability" around Powell's neck. Plus: why sulfur — not oil — is the one word that sums up the biggest threat to the global economy right now, what China's sulfuric acid export ban means for copper, silver, and inflation, and why distressed real estate is "the next trade." Thank you to our partners at Goldco. Get your free 2026 Gold & Silver Kit at https://goldco.com/thewrap or call 855-573-0817 Links: The Institutional Risk Analyst: https://www.theinstitutionalriskanalyst.com/ The Wrap…

People in this episode

Host: Julia La Roche

Guest: Chris Whalen

Topics covered

• Federal Reserve
• economic policy
• real estate
• Trump administration
• global economy
• inflation

Keywords

• Federal Reserve
• Chris Whalen
• Kevin Warsh
• Trump
• home prices
• sulfur
• inflation
• real estate
• economic policy

Sponsors

Goldco

Mentioned in this episode

Organizations: The Institutional Risk Analyst, The Wrap

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