Kevin Warsh Wants to Fix the Fed. The Math Says He Can’t.

Kevin Warsh arrived at the Fed with a bold agenda — shrink the balance sheet, normalize policy, restore credibility. But with $6.7 trillion in assets, global bond yields at multi-decade highs, and markets pricing in rate hikes instead of cuts, the math is working against him. Alan breaks down why the plan may be dead on arrival and what it means for gold.

How Warsh’s Inflation Measure Could Move the Gold Price

The incoming Fed Chair wants to change how inflation is measured. That single shift — from core PCE to trimmed mean — could reopen the path to rate cuts and compress the real yields that drive gold.