Kevin Warsh as Fed Chair is currently 'doing the right things' by maintaining restrictive real rates (over 2%) and inflation-hawk policy, similar to Draghi's 'whatever it takes' stance but inverted toward restrictive ends; however, history suggests that when real policy gets tested by market stress ('punched in the face'), Fed chairs often revert to accommodative QE and stimulus.

forecastpending

Speaker

Michael Lebowitz

Evidence Quote

Warsh is saying all the right things right now, but like Mike Tyson said, once you get punched in the face, everything changes. Uh So, we'll see what happens when Warsh gets punched in the face, whether he can really be this this good cap uh Fed chairman that he kind of puts himself up to be potentially, or he goes back to QE.

Source

What Bonds, Oil & Gold Are Telling Us | Michael LebowitzAdam Taggart | Thoughtful Money®
Created: 8/12/2026, 6:23:20 PM

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