""everything I want to hear""
""all of a sudden, 'let's raise rates a little bit.'""
""It's too bad-sort of disloyalty-but they've got to do what they think is right,""
""hard-money guy""
Kevin Warsh was announced as President Trump's pick to replace Jerome Powell when Powell's term ends in May. Prediction markets and journalist leaks had already signaled Warsh as the likely choice. Warsh is a known inflation hawk who resigned from the Fed in 2011 over concerns about excessive monetary easing and is described as a "hard-money guy" who prefers a strong dollar and a tight balance sheet. Trump has favored a more dovish Fed chair and values loyalty, publicly criticizing chairs who say "everything I want to hear" but then raise rates.
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