CNBC Fed survey: Respondents divided over how independent Warsh will be

• 50% of respondents believe Warsh would be mostly or very independent as Fed Chair, an improvement from last month's survey.
• 58% expect Warsh to be dovish on interest rates (up 14 points from March), while 65% expect him to be hawkish on the balance sheet (up 9 points).
• 42% anticipate a decline in the Fed's balance sheet by an average of $800 billion in Warsh's first year, but 46% expect it to remain the same.
• 81% of respondents believe the Fed should wait for concrete data before incorporating AI productivity into monetary policy, contrasting with Warsh's implied stance.

The video presents results from a CNBC Fed survey regarding Kevin Warsh's potential as Fed Chair. Respondents are divided on his independence, with 50% expecting him to be mostly or very independent. The survey also highlights expectations for Warsh to be dovish on interest rates (58%) and hawkish on the balance sheet (65%), with skepticism about his ability to significantly reduce the balance sheet.