New hawks on the FOMC, but old uncertainties remain
About this episode
Laurie Mount discusses the implications of new FOMC leadership and political challenges on the Federal Reserve's policy outlook.
Trump nominates Warsh for Fed chair as new governors potentially reshape this year’s rate outlook. Laurie Mount, Portfolio Manager on RBC GAM's BlueBay U.S. Fixed Income team, breaks down how FOMC leadership changes and political headwinds are shaping the Fed's uncertain 2026 policy path. Rates held at 3.50–3.75% as four hawkish members joined, though dissents from Governors Miran and Waller favored easing. Warsh's Fed chair nomination faces Senate opposition pending a DOJ investigation into Powell. Money market balances near $8 trillion as investors appear to favor short-duration positions.
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