US Fed’s Warsh: - $QQQ $SPY
➤ Presidents tend to be for cutting rates➤ Will put proceeds in permissible assets close to cash➤ 'I do' maintain I'll be independent of President Trump➤ Don't know reason for President's choosing me➤ Price stability means no one talks about price changes➤ Essential for Fed officials to change minds on policy➤ Central bankers need to correct fast when mistakes made➤ Senate certified 2020 election many years ago➤ Not prepared to wander outside Fed's remit➤ Will sell undisclosed assets if confirmed➤ Fed needs new tools, new communications➤ Fed holds onto its forecasts longer than it should➤ Need a regime change in conduct of Fed policy➤ Fed needs a new inflation framework➤ Probably no more pressing question than cost of living➤ Still dealing with legacy of policy errors in 2021-2022Source: Hardik Shah
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