By Doug Casey
International Man
May 8, 2026
International Man: Kevin Warsh looks likely to replace Jerome Powell as Fed chair, and the market seems to assume he'll be more willing to cut rates than Powell was. What's your take on him?
Doug Casey: Before we look at Warsh, let's look at what a Fed Chair can do.
The Fed has 12 governors, but we generally only hear about the Chairman. While he's only got one of the 12 votes, the others traditionally follow his lead because of his prominence and extra powers.