RiskReversal Pod How Will The Market Test Future Fed Chair Kevin Warsh?
Feb 2, 2026
Kristen Kelly, WSJ contributor focused on hedge funds and investor behavior, and Jen Saarbach, WSJ contributor who tracks market sentiment and FX. They tackle Kevin Warsh’s market shock, the dramatic gold and silver selloff, Bitcoin’s failure to rally, the dollar’s decline, hedge fund resurgence, and Gen Z’s gambling-style investing. Short, sharp takes on market moves and generational trading trends.
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Market Reacts To Warsh Nomination
- Kevin Warsh's nomination signals a potentially less accommodative Fed and markets reacted negatively to that prospect.
- Guy Adami expects Warsh to "thread the needle" but sees inflation concerns persisting under his leadership.
Precious Metals' Volatility Spike
- Gold and silver plunged after the Warsh news as traders priced a stronger dollar and less accommodative Fed policy.
- Dan Nathan warns elevated precious metal volatility likely persists despite longer-term bullish fundamentals.
Cautious Buy-The-Dip For Metals
- Buy-the-dip approaches are suggested but expect rocky patches and high volatility in gold and silver.
- Guy Adami recommends buying both metals but cautions about sharp pullbacks and trading risk.