Bloomberg Surveillance Trump Picks Kevin Warsh as Fed Chair
21 snips
Jan 30, 2026 
Neil Dutta, Renaissance Macro Research head of economic research, critiques Warsh's crisis judgment and inflation bias. Claudia Sahm, former Fed economist now at New Century Advisors, warns about Fed independence and labor-market risks. John Stoltzfus, Oppenheimer strategist, discusses market moves and sector positioning. Katy Kaminski, AlphaSimplex strategist, covers commodity, dollar, and fixed-income reactions.
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Warsh's Persistent Inflation Bias
- Neil Dutta argues Kevin Warsh shows a persistent bias prioritizing inflation over employment.
- That repeated directional error suggests limited open-mindedness and raises concerns about judgment.
Warsh Isn't A Populist Pick
- Dutta says Warsh is not a MAGA-style populist and favors traditional Republican orthodoxy on trade and the Fed.
- That mismatch makes Warsh a surprising pick for President Trump’s agenda.
Dovish Turn Could Be Strategic
- Dutta notes Warsh's recent public dovish turn may be strategic during the nomination process.
- That about-face could influence Jerome Powell and other FOMC members' decisions to stay or leave.