Kevin Warsh was a hawk until Trump nominated him to run the Fed, Dutta Says

• Kevin Warsh's stance shifted from hawkish to dovish during his Fed Chair interview period, contrasting his prior public career.
• The Federal Reserve is an institution driven by consensus, not solely by one individual, which may temper the impact of a new chair.
• A prolonged nomination process, potentially due to political probes, could create market uncertainty.
• Warsh's criticism of forward guidance could lead to higher long-term interest rates, contradicting his stated goal of lower rates.

Neil Dutta discusses Kevin Warsh's potential Fed Chair nomination, noting his shift from hawkish to dovish during the interview period. He emphasizes the Fed's institutional strength, suggesting it's bigger than any single person, which could limit market anxiety. Dutta also highlights potential challenges in Warsh's policy views, including inconsistencies regarding forward guidance and interest rates.