Warsh to Head Fed? Dollar Rises, Gold Plummets

Kevin Warsh’s selection as the next Federal Reserve chair sparked a sell-off in precious metals as investors anticipate a more hawkish approach to monetary policy. Stuart Katz notes that this steady leadership could curb currency debasement fears, shifting the market's focus back toward economic fundamentals and corporate earnings. While a weaker dollar might support exports, Katz warns it could also trigger imported inflation and reduce purchasing power for domestic consumers.

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