Kevin Warsh's real Fed 'regime change' may happen deep inside Wall Street's plumbing
Warsh could guide to a smaller role in day-to-day markets, while also setting clearer rules for how and when it should intervene.

Warsh could guide to a smaller role in day-to-day markets, while also setting clearer rules for how and when it should intervene.
Gabbard said she is leaving her post to support her husband, who is battling a rare form of bone cancer.
President Trump droppped his $10 billion lawsuit against the IRS in exchange for the DOJ creating a $1.8 billion fund to compensate alleged "lawfare" victims.
A source told CNBC that IMAX has held "preliminary talks" through intermediaries, but no official pitches have been made by the company.
Consumer sentiment has tumbled to a fresh record low in May as fears of higher prices grow due to the U.S.-Iran war and elevated oil prices.
Walmart confirmed to CNBC it has sought a tariff refund and plans to use any money it receives back to invest in lower prices for shoppers.
Egg prices are plunging from oversupply after avian flu shortages, but producers say persistent feed, fuel and labor costs are squeezing margins.
The move for a referendum comes after months of campaigning from a group of separatists.
Olympic medallists are among 42 athletes competing in the controversial competition, but the Enhanced Games has big product plans beyond the event this weekend.
Companies reiterated plans to growing their prediction markets businesses in recent earnings calls even as a regulatory debate continues.
U.S. Secretary of State Marco Rubio on Thursday said there were "good signs" that an agreement to end the Middle East conflict is in sight.
After new stakes in quantum companies were revealed, traders on prediction market platform Kalshi think IonQ, Micron and Anduril could be next.
Treasury yield surge shows bond market is not 'risk free' after all, but there's opportunity for fixed-income investors in intermediates, BBBs and high yield.
Global oil inventories are declining fast with just four to six weeks until gasoline, diesel and jet fuel prices shoot higher, analysts said.
The deal will create one of the largest real estate companies in the U.S., with more than 180,000 rental apartments.
Congress is ramping up pressure on prediction markets like Kalshi and Polymarket over concerns of insider trading.
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
GitHub's user base has swelled under Microsoft's ownership, but the software repository has fallen behind newer rivals in the world of vibe coding.
Stellantis CEO Antonio Filosa said there could be an opportunity to bring Chinese-branded vehicles into Mexico and potentially Canada, but not the U.S.
"I am pleased to announce that the United States will be sending an additional 5,000 Troops to Poland," Trump said on Truth Social on Thursday.
The U.S. pressure campaign against Cuba appears to have entered a new phase.
Workday's CEO says the company is seeing success in artificial intelligence.
SpaceX's attempted Starship launch follows the company's release of its IPO prospectus, which set the stage for what's likely to be a record offering.
The results bring Lilly one step closer to filing for approval of the injection, retatrutide, which works differently from existing injections and pills.