07/20/2026
"Warsh Has the Fed Right Where He Wants It"
Monday Morning Outlook
"Put it all together and we think Warsh’s goal is to find a
way to hold off the hawks on the Fed (what we will call the
Powell faction) and avoid rate hikes altogether. For now, he
appears to be winning in this endeavor and it certainly looks like
he has both the arguments and the support to play the long game
and remain patient. He has the Fed right where he wants it."
Brian S. Wesbury - Chief Economist, First Trust