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Podcast: The Julia La Roche Show
Episode: #334 Chris Whalen: Trump's Fed Chair Pick Kevin Warsh Is a Classic Hawk, Why Gold Is Due for a Correction But The Bull Market Isn't Over, & The Private Credit Cesspool
Description: In this week's episode of The Wrap, Chris Whalen breaks down President Trump's nomination of Kevin Warsh as Fed Chair, calling him "the only choice" and a "classic hawk" who won't be afraid to lecture Congress on the link between deficits and inflation — something no Fed chair has done in 30 years. Chris explains why Warsh will likely shrink the balance sheet while giving Trump one or two rate cuts, and predicts the nomination may actually keep Powell on the board through 2028 just to deprive Trump of another conservative seat. On markets, Chris sees a more boring year ahead after 2025's...