Fed Chair Powell (Q&A) says Warsh has testified that he will stand up to President Trump, Powell will take him at his word

Fed Chair Powell's remarks on Warsh’s commitment to challenge President Trump suggest a potentially more independent view on monetary policy. This could indicate a shift in the Fed’s dynamics, affecting market expectations around future rate decisions and overall governance within the central bank, particularly in relation to fiscal pressures. It also raises questions about market reactions across Forex, equities, and fixed income as traders reassess the central bank's autonomy.