The Headlines Say “New Fed Chair” — The Reality Says “Same Old Problems” Whenever Washington starts shuffling names at the Federal Reserve, markets act like everything is about to change overnight. New chair, new direction, new era. But the deeper story of Fed Chair Shuffle and Gold shows that the real drivers—debt, easing policy, and currency pressure—remain exactly the same. I’ve been around long enough to tell you: that’s rarely how it works. Yes, Kevin Warsh is being positioned as less loyal to President Trump than some of the earlier rumored candidates. Yes, he’s perceived as more “serious” and more “independent.” But none of that magically erases the fundamental conflict at the heart of this story: A heavily indebted government…
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