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A few hours until Kevin Warsh's first meeting as Fed Chair will begin.
In history, only two Fed Chairs have changed interest rates during their first FOMC meeting after taking office: Bernanke in 2006 and Powell in 2018.
Powell stood on that stage for 8 years.
It's almost certain that interest rates will remain unchanged; what the market is waiting for is a signal for upcoming FOMC meetings.
Oil is cooling down, and the Hormuz conflict has also come to an end.
If this trend continues, inflation will ease over time.
Will Kevin maintain a neutral stance or turn hawkish in his first meeting?