03.02.2026

Kevin Warsh at the Fed: A Power Grab or a Credibility Reset?

Kevin Warsh’s nomination as the next Chair of the Federal Reserve has triggered sharp market reactions — but also widespread misunderstandings. A Fed Chair does not act alone: interest rates are decided collectively by the 12 voting members of the FOMC, through data, debate and consensus.

Warsh’s track record suggests discipline, balance-sheet restraint and a strong focus on credibility, not blind obedience or automatic rate cuts.

The real message is not political takeover, but a potential shift toward a more orthodox, credibility-driven Federal Reserve — one that prioritizes long-term stability over short-term market comfort.

Watch the video by John Plassard, Partner and Head of Investment at Cité Gestion.