The Warsh Shock and the Re-rating of Market Risk The nomination of Kevin Warsh as the next Chair of the Federal Reserve has triggered a violent re-anchoring of the term premium. This is not merely a personnel transition; it is an aggressive pivot away from the “Powell Era” and toward a paradigm of “regime change” … The Warsh Shock and the Re-rating of Market Risk – The Warsh Doctrine: Navigating the Federal Reserve’s Impending Regime Change 계속 읽기