Overview
- Prediction markets now price a near‑certain confirmation by mid‑May after a party‑line advance out of the Senate Banking Committee.
- Powell plans to remain a voting governor until the probe over Fed renovations is resolved, which limits a new chair’s sway because rate moves are set by the 12‑member FOMC.
- Futures tracked by CME FedWatch point to holding rates in June, show very low odds of any cut this year, and assign rising chances to a hike.
- Warsh has signaled a back‑to‑basics approach that trims public forward guidance and could quicken the Fed’s balance‑sheet runoff.
- Sen. Elizabeth Warren asked Stanley Druckenmiller’s firm to waive confidentiality so Warsh can fully disclose Duquesne‑linked holdings, even as he pledges to divest if confirmed.