Jul 16, 2026 · 25 min · 16 segments
Is the new Fed chair changing America’s financial future — or just market sentiment? Kevin Freeman examines Kevin Warsh, inflation, gold, the dollar, Fed independence, and why sound money, hard…
Kevin FreemanHost
He was sworn in at the White House by Justice Clarence Thomas, the first Fed chair sworn in at the White House since Alan Greenspan in 1987.
Back in 2006, at just 35, he became the youngest person ever appointed to the Fed Board of Governors.
He sat beside Ben Bernanke through the 2008 financial crisis, Bear Stearns, Lehman, the AIG bailout, as the Fed's liaison to Wall Street.
So the man now in charge personally lived through the exact 2008 events we've documented on this program.
It's not a coincidence that I take lightly, and here's what should give sound money believers hope.
In 2010, Warsh broke with Bernanke and opposed QE2, the plan to buy $600 billion in treasuries.
He thought the printing had gone too far, and he resigned from the board in 2011 rather than go along.
Since then, he's been a vocal critic of easy money, last year calling for regime change at the central bank.
He called the post-pandemic inflation the biggest policy error in 40 or 50 years.
He wants a smaller balance sheet, tighter discipline, a renewed focus on the dollar strength.
On paper, that's the most hawkish, hard money instinct we've seen atop the Fed in a generation, and markets believed it, nicknaming his arrival the Warsh Shock.
He was sworn in at the White House by Justice Clarence Thomas, the first Fed chair sworn in at the White House since Alan Greenspan in 1987.
Back in 2006, at just 35, he became the youngest person ever appointed to the Fed Board of Governors.
He sat beside Ben Bernanke through the 2008 financial crisis, Bear Stearns, Lehman, the AIG bailout, as the Fed's liaison to Wall Street.
So the man now in charge personally lived through the exact 2008 events we've documented on this program.
It's not a coincidence that I take lightly, and here's what should give sound money believers hope.
In 2010, Warsh broke with Bernanke and opposed QE2, the plan to buy $600 billion in treasuries.
He thought the printing had gone too far, and he resigned from the board in 2011 rather than go along.
Since then, he's been a vocal critic of easy money, last year calling for regime change at the central bank.
He called the post-pandemic inflation the biggest policy error in 40 or 50 years.
He wants a smaller balance sheet, tighter discipline, a renewed focus on the dollar strength.
On paper, that's the most hawkish, hard money instinct we've seen atop the Fed in a generation, and markets believed it, nicknaming his arrival the Warsh Shock.
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