Washi will likely respond to changes by staying the course, but will advocate for some operational changes. This is the safest kind of change, as it won't touch interest rates. Reducing intervention is his main theme. In the short term, the market will interpret any change as an increase in risk, but in the long term it might be a good thing.
☕️ [Task Coins Giveaway] Daily Market Talk — Chips Rout, SpaceX Tops Amazon
Micron sinks 6% and Marvell tumbles 10% as last week's storage rally unwinds, SpaceX passes Amazon to become the world's 5th-largest company, and Warsh chairs his first Fed meeting tonight.
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