Kevin Warsh, Trump’s pick for Fed chief, calls for ‘regime change’ at US central bank

Kevin Warsh, a potential Federal Reserve chair nominee under a second Trump administration, has advocated for a significant shift in the Fed’s policy framework, describing the need for a “regime change” at the central bank. His comments imply a move toward tighter monetary policy and reduced regulatory oversight, which could influence long-end Treasury yields through a repricing of future rate expectations and inflation risk. Financial sector stocks, particularly regional and large-cap banks, may benefit from steeper yield curves and looser regulation, supporting valuations in the BANK index. Trump-aligned equities, including the TRUMP media stock, could see continued speculative interest as market participants assess the likelihood of policy shifts under a restructured Fed. Traders will watch the next FOMC minutes and upcoming speeches by Fed officials for signals on whether such a policy pivot is gaining traction within the central bank.

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