https://k4i.com/tags/kevin-warsh/ Recent content in Kevin Warsh on k4i.com Hugo en-us Wed, 24 Jun 2026 00:00:00 +0000 https://k4i.com/thursdays-core-pce-is-the-first-real-test-of-warshs-hawkish-fed/ Wed, 24 Jun 2026 00:00:00 +0000 https://k4i.com/thursdays-core-pce-is-the-first-real-test-of-warshs-hawkish-fed/ <p>The May PCE report lands Thursday, and a week ago it would have been a non-event. The market&rsquo;s working assumption was that the Fed would look through an energy-driven inflation spike caused by the Strait of Hormuz disruption, treat it as a supply shock, and keep its eyes on the back half of the year. That assumption is gone. Kevin Warsh took it apart at his first FOMC meeting on June 17, and the print now arrives into a reaction function that has been quietly rewired.</p>