Key Takeaways Kevin Warsh’s record shows a former crisis-era Fed hawk who now appears more open to rate cuts, creating uncertainty about how he would balance inflation risks with President Trump’s push for lower interest rates.

Kevin Warsh emphasized Fed independence, affecting rate expectations. No change in Fed rates after July 2026 at 79% YES.

Fed officials are expected to keep the central bank's key interest rate steady as they wait and see how the Iran war affects inflation and the job market.

Fed policymakers in March opted to keep benchmark interest rates steady in ​their current 3.50% to 3.75% range.