Kevin Warsh Says Good Riddance. After Powell Goes, He Wants a Transformed Fed — the Market May Not Like It

Kevin Warsh expressed a desire for significant changes at the Federal Reserve following Jerome Powell's tenure, suggesting that the market may react negatively to such transformations. This sentiment reflects concerns over potential shifts in monetary policy direction, impacting rate differentials and overall risk appetite among investors. Financial markets, particularly equities and fixed income, could experience volatility as traders reassess their expectations for future interest rate movements and economic stability. The upcoming Federal Open Market Committee meeting will be a critical event for traders, as it may provide insights into the Fed's future policy stance and Warsh's influence on the central bank's direction.

HIGH-impact news is typically a market-moving event with multi-pip or multi-percent intraday reactions. Examples include central bank rate decisions, major CPI/NFP releases, geopolitical shocks, mega-cap earnings beats/misses, and regulatory announcements. Traders typically position-reduce or hedge ahead of scheduled HIGH-impact events, and follow the wire in real time to react to unscheduled ones (war headlines, central-bank emergency statements, surprise corporate actions). The Trading News Terminal squawk box reads every HIGH-impact headline aloud the moment it hits the wire — so active traders don't have to stare at the feed.

Active traders typically follow a three-step workflow when a market-moving headline hits the wire: (1) read the headline on the terminal or hear it on the squawk box; (2) assess whether the news is already priced in (by checking intraday price action in the seconds before) or whether it's genuinely new information; (3) act — either entering a breakout position, fading an overreaction, or tightening stops on existing trades. Trading News Terminal's Pro plan delivers wire-grade headlines within seconds of the source, with automatic audio squawk on every HIGH-impact event, so the read-assess-act cycle never waits on a refresh button.