Kevin Warsh, President Donald Trump’s expected nominee for Federal Reserve Chair, may pursue faster and deeper interest rate cuts than markets expect. Economist Robin Brooks, a senior fellow at the Brookings Institution, predicts Warsh could cut rates by 100 basis points across four meetings from June to October. Markets are currently pricing in only 40 basis points in easing over this period. The current benchmark federal funds rate stands between 3.5% and 3.75%. If Warsh follows the pace outlined by Brooks, the rate could fall to 2.5%-2.75% before the November 2026 mid-term elections. {tweet} Brooks said Tuesday ... (full story)