BEHIND THE SCENES: Kudlow reveals what new FED CHAIR is going to do

• Kevin Warsh is presented as a strong contender for Fed Chair with a reformist, monetarist agenda.
• Warsh's policies would likely involve shrinking the Fed's balance sheet, normalizing interest rates, and reducing the Fed's role in credit allocation.
• Under Warsh, immediate rate cuts are unlikely, with a focus on long-term monetary policy normalization and reforming bank reserve payments.

The video discusses the potential nomination of Kevin Warsh as the next Fed Chair, outlining his reform agenda which includes shrinking the Fed's balance sheet, normalizing interest rates, and reducing the Fed's market intervention. Kudlow suggests Warsh would not pursue immediate rate cuts, focusing instead on long-term policy normalization and reforming bank reserve payments.