Will Kevin Warsh Be Confirmed as Fed Chair?

• Kevin Warsh's past as a 'balance sheet hawk' and the uncertainty of his future policy stance, especially regarding lower rates and committee consensus.
• Current economic data shows strong GDP tracking and some stabilization in the labor market, making a pause in rate cuts a sensible approach.
• Potential fiscal expansion through tax reductions and refunds could be inflationary, with risks of businesses passing on higher costs due to tariffs.

The discussion revolves around Kevin Warsh's potential appointment as Fed Chair under a Trump administration, focusing on his past views on inflation and balance sheet reduction. Julia Coronado highlights the challenges he would face in forging consensus within the central bank and adapting to current economic conditions, including potential inflationary pressures from fiscal expansion.