Hawks Versus Doves Debate At The Fed

This week’s FOMC meeting will be the first over which Kevin Warsh, President Trump’s dovish appointee, presides as Fed chair. Will he succeed in dissuading the hawkishly leaning committee from moving to a tightening bias? Today, Ed and Elias set out both the dovish and hawkish points that the committee no doubt will discuss in what’s bound to be a heated debate. … Also: Warsh steps into his new role planning to implement big changes at the Fed. Elias describes how Warsh views the Fed’s role, the reforms he has in store, and the potential ramifications for Wall Street. Visit Yardeni QuickTakes: https://yardeniquicktakes.com Get your first month of QuickTakes Premium for free: https://quicktak.es/Yt-0a Visit Yardeni Research (institutional): https://yardeni.com (0:00) - Intro (3:45) - Bull Market Resilience: Stress Tests & Roaring Twenties Narrative (7:43) - Tariffs, Oil Shock & Inflation Trajectory (14:35) - Fed Hawks vs. Doves: Policy Stance Debate (17:05) - Wage Growth, Unit Labor Costs & Labor Supply (24:58) - FIMO: Forward Earnings at Record Highs (29:28) - Q&A: Earnings, Gold & the Roaring Twenties Outlook