The nomination of Kevin Warsh as the likely next chair of the Federal Reserve has prompted immediate market reactions and renewed debate around the future direction of US monetary policy. What should investors expect as the Fed faces new leadership?

In this episode of Julius Baer’s Moving Markets – The View Beyond, Ayako Lehmann is joined by David Kohl, Chief Economist, to discuss the implications of Kevin Warsh’s nomination to lead the Federal Reserve. They examine market reactions, the prospects for rate cuts, the outlook for the US dollar, and the potential impact on asset classes including treasuries, fixed income, and equities. The conversation also covers the Fed’s balance sheet strategy, the risk of increased volatility, and what a shift away from ample liquidity could mean for investors. Finally, they address the recent volatility in precious metals and whether the nomination will bring stability to gold and silver markets.

• (00:00) - Introduction