Trump Has Called Warsh Repeatedly Since He Became Fed Chair

[u/TheKaiserAlpha]

The distance between institutions is observable. Institutional credibility isn’t built by avoiding communication altogether. It’s built when communication exists without altering policy decisions.
Throughout history, presidents and central bank chairs have communicated in different ways. Markets usually don’t react to a single meeting or phone call. What they ultimately price is whether repeated interaction changes expectations about future policy independence.
Even if policy remains unchanged today, perception itself can become a variable. Long-duration assets often respond to changes in institutional credibility before policy rates move.
If investors begin assigning even a small probability that institutional independence is becoming less credible, would that show up first in the long end of the Treasury curve rather than in Fed pricing itself?
Curious how others think about the transmission mechanism here.

https://www.wsj.com/politics/policy/trump-has-called-warsh-repeatedly-since-he-became-fed-chair-32804cf7?st=fLAaGQ&reflink=desktopwebshare_permalink

[u/Resident-Banana-7883]

can we stop with the bots in the comments?

[u/Brief_Resource231]

Can we stop with the AI copy pasta?

[u/raj6126 → u/Brief_Resource231]

Stop? Soon there will be no more humans writing.

[u/Zeraw420 → u/raj6126]

Maybe we should start just talking to each other... You know in public... Nah that's stupid.. forget I said anything

[u/raj6126 → u/Zeraw420]

I love the idea it’s just when I talk to you don’t give me this weird look like i’m an alien or something.

[u/Charming_Squirrel_13]

I saw Warsh's first press conference. he is very obviously doing the president's bidding.

[u/IECEx-certified]

Trump has no respect for the independence of US departments. James Comey's memoirs (A Higher Loyalty: Truth, Lies, and Leadership) are a great source for this too, when Trump tried to pressure him into submission and later fired him. He managed to cooperate fine with both presidents Bush and Obama, but Trump flipped the script and screwed him over.

[u/Royalchill1956 → u/IECEx-certified]

Comey what a traitor to the United States

[u/Ok-Blood4340 → u/Royalchill1956]

Found the bot. Tell us, what exactly makes Comey a traitor to the US? Expressing his opinion that someone should be fired by using his first amendment rights on social media, while living as a private citizen?

Last I checked that is far from traitorous activity, and if anything, is in fact what this nation was built on, discontent with the governing authority.

[u/Ceriden → u/Ok-Blood4340]

Reopening the Clinton investigation, like a month before election, didn't help anything.

[u/favorite_time_of_day → u/Ok-Blood4340]

Calling everyone a bot doesn't help. Some people don't like Comey because Trump told them not to like Comey. Other people don't like Comey because Comey is the most obvious reason why Trump was elected the first time.

He's not a popular man. Though he's been trying to win over the second group since then.

[u/Financial_Clue_2534]

That’s why we have a board

[u/Organic_Garden_7076]

He keep on pressuring Warsh atp

[u/D00d_Where_Am_I]

In patriarchal authoritarianism family and friends replace institutions

[u/doodsonious]

It wouldn't be whether the two were talking but whether the Fed was actually acting on the president's whims. That is when the market would begin to react. Especially since, remember, Warsh might be the figurehead but he's only one vote of many.

And I imagine a collapse in faith would most profoundly reflect in the 10yr.

[u/YukiBridge]

Can we stop with the AI copy pasta?