Meet the New Boss, Same as The Old Boss’: James Thorne Says Kevin Warsh Failed His First Fed Test After Rate Hike, Warns Another Increase in October
James Thorne, Chief Market Strategist at Wellington Altus, said Federal Reserve Chair Kevin Warsh has failed the test, as his handling of Wednesday’s rate hike shows the Fed’s underlying policy approach hasn’t changed under new leadership. Following the Same Playbook Thorne said Warsh’s Jackson Hole remarks, the interest rate hike, and the press conference all point to the same conclusion: that Warsh will keep reacting to “inflation headlines, prediction-market pricing, and superficial strength in aggregate data.” “Meet the new boss, same as the old boss,” Thorne added in a post on X on Thursday. Warsh: Too Many Red Flags Kevin Warsh has failed the test, and investors should pay attention now that he is Fed chairman. Meet the new boss, same as the old boss. His Jackson Hole performance, the Fed’s subsequent rate hike and yesterday’s Q&A are not isolated slips. They… — James E. Thorne (@DrJStrategy) September 18, 2026 The Fed raised its benchmark rate 25 basis points Wednesday to a range of 3.75%-4.00%, its first increase since 2023, with all 12 voting members backing the move. Read Also: Nvidia CEO Jensen Huang Expects Chip Sales To Double Next Year as He Downplays AI Slowdown Call
James Thorne, Chief Market Strategist at Wellington Altus, said Federal Reserve Chair Kevin Warsh has failed the test, as his handling of Wednesday’s rate hike shows the Fed’s underlying policy approach hasn’t changed under new leadership. ” “Meet the new boss, same as the old boss,” Thorne added in a post on X on Thursday. Warsh: Too Many Red Flags Kevin Warsh has failed the test, and investors should pay attention now that he is Fed chairman. Meet the new boss, same as the old boss.
His Jackson Hole performance, the Fed’s subsequent rate hike and yesterday’s Q&A are not isolated slips. They… — James E. 00%, its first increase since 2023, with all 12 voting members backing the move. ” He called Warsh a “big hat, no cattle,” and predicted another rate hike is likely coming in October.
Iran’s Parliament Speaker Mohammad Bagher Ghalibaf mocked the Federal Reserve’s rate hike, saying it’s Tehran, not Washington, that controls the main driver of inflation. S. 8% in July, driven largely by higher energy costs tied to the Iran war. 55 at the time of writing.
WTI futures for October delivery, expiring Sept. 10. 51 in pre-market trading on Friday. 44% in early trading.
71% in pre-market trading. edge rankings indicate Brent Crude Oil Fund has a Momentum score in the 94th percentile and a positive price trend in the short, medium, and long term. See More: Top Momentum Stocks Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors. Image via Shutterstock