There&#x27;s a new boss over at the Federal Reserve.<br>Is he going to be any different than the old boss?<br>Midweek Memo host Mike Maharrey delved into that question this week. He notes that Warsh certainly sounds different. But he&#x27;s stepping into the same situation that Jerome Powell left. Mike explains why that will likely limit Warsh&#x27;s options, meaning the old new boss may end up acting just like the old boss when it&#x27;s all said and done.<br>Mike also highlights the ever-growing Debt Black hole by breaking down the May federal budget deficit numbers.

Warsh Takes the Reins at the Fed: What's Next?

Money Metals' Weekly Market Wrap Podcast

Welcome to the Money Metals Midweek Memo. News and commentary relating the sound money, the precious metals markets, and the economy. I'm your host, Mike Meharry. Thanks for tuning in. So there's a new boss over at the Fed. There's no doubt that Kevin Warsh is going to be a different kind of Fed chair. He's definitely not Jerome Powell.

And he's already started putting his stamp on the central bank with his first FOMC meeting last week. But folks would do well to remember that the new boss is running the same organization and facing the exact same problems as the old boss. And no matter how different he might be, no matter how differently he may want to run things, that reality is going to limit what he can actually do.

And that means that things may not look a whole lot different, even though it seems like people are really anticipating a much more hawkish Fed that's going to slam down inflation and everything's going to be hunky-dory. So, you know, that said, they're definitely going to sound different. Things are going to look and sound differently over at the Federal Reserve.

And it's important to cut through the noise if we're going to get a clear understanding of what monetary policy will likely look like going forward. And of course, if you are a precious metals investor, this is one of the biggest factors that's going to impact the price of gold and silver. It's the anticipation of what the Fed is going to do with monetary policy. And right now, I think the anticipation and the narrative is out of step with reality.

Warsh Takes the Reins at the Fed: What's Next?

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Warsh Takes the Reins at the Fed: What's Next?

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.