Kevin Warsh, The Fed, And The Soft Bigotry Of Low Expectations
Conservatives are falling all over themselves to cheer newly installed Fed Chairman Kevin Warsh's disdain for the Phillips Curve. Which explains the title of this opinion piece.
Market News
This bull market isn't going to end because of Fed rate hikes under Warsh
Warsh may hope the threat of rate hikes is enough. But stocks might gain ground if he does, and past rate-hike cycles can be a guide.
New Fed Regime, Same Hawkish Theme
U.S. equity markets finished higher as easing oil-price pressure following a tentative U.S.-Iran agreement helped offset a hawkish Fed meeting and renewed concerns over the deal's fragility. Oil prices retreated nearly 10% after the U.S.-Iran agreement cleared the path toward reopening Hormuz, though late-week clashes raised fresh doubts over the durability of the reopening. The Federal Reserve held rates steady, but delivered a hawkish surprise as nine of 18 FOMC participants now pencil in at least one 2026 rate hike, sending short-term rates sharply-higher.
This Could Be The Most Important Market Shift In Years
The Fed, under Kevin Warsh, signals a paradigm shift: less guidance, tighter communication, and a higher-for-longer interest rate regime. I expect persistent inflation and elevated rates, but not imminent hikes, as the Fed leverages AI-driven disinflation and market-driven tightening.
'Regime change but in a velvet glove': How Kevin Warsh has set out to remake the Fed
Fed Chairman Kevin Warsh's first big announced changes point toward a quiet revolution, with task forces set up to rethink virtually everything done to set policy and the approach used to get there. The task forces will "start with first principles, ask hard questions, examine current practice, consider alternatives, and ultimately propose next steps for policymaker consideration," Warsh said.
What to Expect in Markets This Week: A Post-Fed Inflation Reading and Earnings From a Hot Memory Maker
Economists will update the Fed's preferred inflation index this week, giving investors a chance to see how the latest reading squares with the newly hawkish central bank.
All the Money Flooding Into AI Is a Giant Warning Sign
When companies as a group turn into sellers, it's a reasonable sign that stocks are very overpriced.
S&P 500 Snapshot: Peace Deal Overcomes Fed Jitters
The S&P 500 secured its second weekly gain, finishing up 0.9%. The index is currently sitting 1.4% below its record close reached on June 2nd, 2026.
Your Private Credit Fund May Be Worth Less Than It Says
On February 27, BlackRock TCP Capital, a publicly traded lender to mid-sized companies, told the Securities and Exchange Commission that the value of its loan book had fallen 19% in a single quarter. Six borrowers caused roughly two-thirds of the drop.
Jed Ellerbroek on Fed's "Bid for Time" & Why Mag 7's AI Buildout is "Justified"
The big takeaway from the Fed's interest rate decision and following press conference with Kevin Warsh is an intensifying focus on inflation, says Jed Ellerbroek. He believes the task forces announced are a "bid for time" to help stabilize the economy.
The $31B Backlog Coming For Your Electricity Bill
A silent $31B+ rate‑case backlog is about to hit consumer bills — and reshape an industry's earnings in ways most investors haven't priced in. Capacity prices just hit regulatory caps for the third year in a row.
Don't Freak Out Over Fed Chair Kevin Warsh's 'New' Regime
The market's June pullback marked a fantastic buying opportunity ahead of a likely breakout toward new all-time highs. Despite initial hawkish fears linked to Fed Chair Kevin Warsh's lack of explicit guidance, the market returned to a bullish mode on Friday.
The 1-Minute Market Report, June 20, 2026
Markets closed the week up 0.9%, with tech and growth stocks reclaiming leadership as small and microcaps outperformed large caps. Risk-on sentiment drove flows into high beta, momentum, and growth factors, while energy and value lagged amid renewed optimism in tech and blockchain.
AI buildout gives tech investors new reasons to watch bond market
Tech giants are depleting reserves and leveraging debt in their ambitious data center buildouts. That's making the group much more exposed to the cost of borrowing and giving tech investors reason to pay attention to the Fed.
Russia says it repelled drone attack on oil refinery in Tyumen region
Russian air defences repelled a drone attack on an oil refinery in the Western Siberian region of Tyumen, the regional governor said on Saturday.
Why a hawkish Fed isn't scaring Wall Street
US stocks are showing surprising resilience as Wall Street increasingly abandons expectations for near-term Federal Reserve rate cuts. Several major financial institutions have recently pushed back their forecasts for monetary easing, with some now expecting the Federal Reserve to leave rates unchanged throughout 2026.
Iran Can Now Sell Oil. How Fast Can It Ramp Up?
The Washington-Tehran deal allows Iranian oil shipments on the open market for the first time since 2018.
The Market's AI Fanfare Is Running Into a Harsh Political Reality
Anthropic's hopes for a blockbuster IPO could depend as much on the ballot box as on investors.
Massive bonuses for South Korea's chip workers puts central bank on inflation alert
While bonuses do not usually contribute to inflation, the huge amounts that workers at South Korea's tech firms could receive are enough to worry the Bank of Korea. South Korean media reports cite projections that employees at SK Hynix and Samsung Electronics could receive almost $500,000 in bonuses next year if projections are accurate.
China's May refined oil exports rise from April under restrictions, Australia receives agreed volume
China's May gasoline, diesel and jet fuel exports rose from April to major destinations in Southeast and South Asia, but were still significantly less than a year earlier due to export restrictions imposed over the Iran war to safeguard domestic supply.
