Warsh Gets His Chance to Prove the Fed Means It

Kevin Warsh is facing one of the most uncertain Fed meetings in years as markets split over whether the central bank will hold rates steady or send a stronger inflation signal with a hike.Chuck Zodda and Paul Lane break down why today’s Fed decision matters, how Warsh could build credibility with the bond market, and why even a small rate hike could carry major signaling power. They also discuss the renewed jump in oil prices, the unstable path of the conflict involving Iran, Iraq, Saudi Arabia, and the Strait of Hormuz, and why energy markets remain difficult to predict. Plus, Todd Lutsky joins for Ask Todd to explain when irrevocable trusts make sense, why a revocable trust may not be the right first step for Medicaid planning, and how long-term care insurance can fit into a broader estate plan.