Jun 18, 2026 · 8 min · 10 segments
The entire financial world revolved around one question yesterday: Which version of Trump’s new Fed chair, Kevin Warsh, was going to show up at his first Fed meeting? OG Inflation Hawk Kevin…
Coby TerryHost
Yesterday, the entire financial world revolved around one question, and it had nothing to do with Iran.

Which version of Trump's new Fed chair, Kevin Warsh, was going to show up to his first ever interest rate announcement and press conference? OG inflation talk, Kevin Warsh, or the guy who's willing to say whatever Trump wanted to hear to get him the job? I'm Democratic strategist Coby Terry.

This is a solo mini episode of Is It Bad for the Economy? Usually I'm joined by my co-host, the anonymous banker Bill, who's doing some great work at a bank you've definitely heard of.

He lets us know what bankers really think about Trump's economic policies behind the scenes.

Thank you for all the great feedback we got in our last episode with Wall Street trade reporter Gavin Bade.

We're promising you one full length episode with both me and Banker Bill every other Wednesday, but I'm trying to see just how close to weekly we can get by publishing these mini episodes on off weeks.

Today, I just wanted to let you know what Banker Bill and I thought about Kevin Walsh's first Fed share meeting.
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Yesterday, the entire financial world revolved around one question, and it had nothing to do with Iran.

Which version of Trump's new Fed chair, Kevin Warsh, was going to show up to his first ever interest rate announcement and press conference? OG inflation talk, Kevin Warsh, or the guy who's willing to say whatever Trump wanted to hear to get him the job? I'm Democratic strategist Coby Terry.

This is a solo mini episode of Is It Bad for the Economy? Usually I'm joined by my co-host, the anonymous banker Bill, who's doing some great work at a bank you've definitely heard of.

He lets us know what bankers really think about Trump's economic policies behind the scenes.

Thank you for all the great feedback we got in our last episode with Wall Street trade reporter Gavin Bade.

We're promising you one full length episode with both me and Banker Bill every other Wednesday, but I'm trying to see just how close to weekly we can get by publishing these mini episodes on off weeks.

Today, I just wanted to let you know what Banker Bill and I thought about Kevin Walsh's first Fed share meeting.