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#WarshLeadsFedChairRace Market Implications and Policy Expectations
The narrative surrounding the next U.S. Federal Reserve Chair is gaining momentum, and Kevin Warsh emerging as a leading contender is already influencing market expectations. Even without an official decision, markets are beginning to price in the possibility of a leadership shift. In monetary policy, perception matters almost as much as action — markets move not only on decisions, but on who they believe will be making those decisions in the future.