On Friday, Kevin Warsh was sworn in as Federal Reserve Chairman, and the most striking thing about his arrival is how little Wall Street seems to care. Historically, a Fed chair transition is a market-defining event.
On CNBC’s Halftime Report Friday, one host captured the moment with a line worth holding onto: “The Fed is not the first or second or third sentence of talking about the market these days.” AI has eaten the conversation.
This post originally appeared at 24/7 Wall St.