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 a transformed Federal Reserve following Jerome Powell's tenure, suggesting that current policies may not align with market expectations. This commentary could influence market sentiment through shifts in risk appetite, as traders reassess the Fed's future direction and its implications for monetary policy. Financial assets sensitive to interest rate changes, particularly bonds and equities, may experience volatility as investors react to potential changes in the Fed's approach. Traders will be particularly focused on upcoming Federal Open Market Committee meetings and any signals regarding interest rate adjustments or policy shifts.

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.