00:00The most powerful seat in the global economy has a new occupant.
00:07President Trump has just announced Kevin Warsh as the next chair of the Federal Reserve.
00:13This isn't just a personnel change, it's a complete regime shift for the U.S. dollar.
00:18For months, speculation has been building, and now the Powell era is officially drawing to a close.
00:26I'm for Fiscal Point, and today we decode why Kevin Warsh is the man Trump trusts with the world's reserve currency.
00:34Kevin Warsh is not a stranger to the Fed.
00:38He served as a governor during the 2008 financial crisis and has deep roots in Morgan Stanley.
00:44Trump describes him as central casting, meaning he looks and acts the part of a leader.
00:52But beyond the image, Warsh is known for being a critic of the Fed's recent policies.
00:58He has often argued for more coordination between the Treasury and the Fed, a move that critics say could change the central bank's independence forever.
01:11What does this mean for your money?
01:13Warsh has historically been an inflation hawk, but his recent alignment with the administration suggests he might be more open to the aggressive rate cuts Trump has been demanding.
01:27Markets are already reacting.
01:29Now, Gold and Silver have seen massive volatility this week as investors try to guess if a Warsh Fed will lead to a weaker or stronger dollar.
01:39If you are holding precious metals, the next 48 hours are critical.
01:43Wall Street likes certainty, and the nomination of a known figure like Warsh provides that.
01:50that however the Senate confirmation process will be intense analysts are
01:55looking at how he will handle the 2026 economic landscape balancing high
02:02productivity from AI with the pressures of global tariffs this is the ultimate
02:08balancing act is Kevin Warsh the right choice to lead the Fed or is this the
02:14end of central bank independence the numbers will tell the story soon make
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