Warsh Tries to Reset the Fed Message

Kevin Warsh is trying to clean up his early Fed messaging, but the bigger fight over how much the central bank should tell markets is not going away.

Chuck Zodda and Mike Armstrong discuss Warsh’s attempt at a soft reset, why his push to reduce Fed guidance is creating tension with financial reporters and markets, and why less direct communication could lead to more speculation about policy. They also look at Robert Half’s latest hiring survey, including why employers still plan to increase hiring even as workers struggle to find the right roles, and why AI resumes are making the hiring process harder to navigate. Plus, they cover the latest twist in the Situational Awareness hedge fund story, why private assets can hide volatility until it is too late, how revenue sharing is changing college athletics, and the strange Wall Street Journal essay about phone addiction in prison.