Warsh’s First Fed Test Comes With Inflation Still Hot

Kevin Warsh is facing his first major test as Fed chair, with investors watching for any change in how the Fed communicates, how it views inflation, and whether it is willing to stay patient with interest rates.Chuck Zodda and Paul Lane preview Warsh’s first Fed decision and press conference, including whether he may scale back the Fed’s public messaging and what markets should expect from the latest economic projections. They also discuss why the oil market may still face a narrow window of risk later this summer, how renewed supply could change the outlook for 2027, and Todd Lutsky joins for Ask Todd to explain how trusts, ownership structure, and basis rules can affect estate planning decisions.