What Next Fed Chair Kevin Warsh Means For Markets | Joseph Wang

Video Description

This episode is brought to you by the Pictet AI Enhanced International Equity ETF ($PQNT): https://etf.am.pictet.com/pqnt/ In this interview, Joseph Wang of FedGuy.com discusses various levers the Trump administration could pull to lower mortgage rates, even without the Federal Reserve's direct involvement. These include directing government-sponsored enterprises like Fannie Mae and Freddie Mac to increase their mortgage holdings, potentially by lifting their current portfolio caps. Wang also notes that expanding access to cheap financing from Federal Home Loan Banks for mortgage REITs could be another avenue. Beyond housing, Wang predicts that President Trump will significantly influence the Federal Reserve, potentially leading to more interest rate cuts than the market currently anticipates. He suggests that Chair Powell will likely leave his position in May, allowing Trump to appoint a successor. Wang is bullish on the US economy, citing tailwinds like a potential productivity boom, strong credit creation, and stimulative fiscal policy. However, he cautions that AI stocks are in a bubble, though he believes the technology itself will benefit the broader economy by increasing productivity. Recorded January 29, 2026. Joseph Wang’s YouTube channel: https://www.youtube.com/@Fedguy12 “Sleeping Giants” (Joseph’s piece on Fannie & Freddie): https://fedguy.com/sleeping-giants/ Follow Joseph Wang on X https://x.com/josephwang Follow Jack Farley on X https://x.com/JackFarley96 Follow Monetary Matters on: Apple Podcast https://rb.gy/s5qfyh Spotify https://rb.gy/x56dx5 YouTube https://rb.gy/dpwxez Timestamps 00:00 Intro 00:26 Pictet $PQNT Pre-roll 01:08 Hidden Stimulus: How Trump Can Support Housing Without the Federal Reserve 05:57 "This Is A Very Creative Administration" 16:19 Pictet $PQNT Mid-roll 17:30 Fed Meeting Analysis 19:36 "Shadow Fed Chair"? What It Means If Powell Stays At Fed 27:35 New Fed Chair Nominee: Kevin Warsh 32:00 "I Think Market Is Too Hawkish" 38:11 Risk Of Foreign Investors Flooding Out of U.S. Assets 45:22 AI & Silver 50:26 Pictet $PQNT Endroll