[Opinion: The New Fed Chair Kevin Warsh May Not Be as Hawkish as the Market Expects] BlockBeats News, February 12: Krishna Guha of Evercore ISI stated that Kevin Warsh's tough stance on inflation might be overstated. While his nomination initially pushed up yields and suppressed gold prices, Warsh should be seen more as a pragmatic conservative who can distinguish between supply-driven inflation and demand-driven inflation—making the Fed's policies under his leadership potentially more flexible. Warsh previously pointed out that advancements in artificial intelligence and productivity are positive supply shocks, which could ease the pressure for tightening policies. He also supports the Federal Reserve reducing its balance sheet but is unlikely to adopt aggressive tightening measures that could disrupt the market. In a politically tense environment, the Fed's consensus-driven policies are expected to continue, albeit under unusual pressure.