The Fox News Rundown Business Rundown: The President's Fed Chair Pick & What That Means For You
Jan 30, 2026
Daniel Bunn, Tax Foundation CEO who focuses on tax policy, and Doug Holtz‑Eakin, former CBO director and fiscal policy analyst, discuss the new Fed chair pick and tax law changes. They cover Warsh's views on rate cuts, Fed liquidity and independence, timing of monetary moves, permanency of 2017 tax cuts, full expensing for businesses, refund changes, IRS capacity and risks to filings.
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Crisis Management From The Housing Bust
- Douglas Holtz-Eakin recalls Warsh's role during the housing crisis as active in outreach to Wall Street.
- He frames that crisis experience as evidence Warsh is a capable crisis manager.
Emphasis On Fed Independence
- Warsh advocates clearer separation between the Fed, banks, and the Treasury to protect independence.
- He opposes the Fed buying Treasury debt simply to finance deficits.
Powell Likely To Leave After Chair Term
- Tradition suggests Powell will likely leave the Board after his chair term ends in May.
- Douglas Holtz-Eakin sees staying on the Board as a break from precedent and unlikely for Powell.