Skip to Navigation Skip to Posts Skip to Content
🇺🇸 Warsh reaches for Greenspan's playbook, but the inflation math doesn't follow
The day in view

🇺🇸 Warsh reaches for Greenspan's playbook, but the inflation math doesn't follow

Macro Soup Newsroom Macro Soup Newsroom 2 min read

Warsh dropped explicit forward guidance at his first press conference, but the macro backdrop isn't cooperating: a 3.6% year-end PCE inflation projection and May payrolls at 172K against an 85K consensus.

Bar chart with red, yellow, and green vertical bars at 3.4%, 2.4%, and 2.0% on a y-axis labeled in Turkish.
Dallas Fed trimmed PCE stands at 2.4% against 3.4% for core PCE, illustrating the inflation gauge divergence that new Fed Chair Kevin Warsh is navigating. Source

Read next

Featured Post The day in view

📰 Daily Macro Roundup: 2026-07-13

3 min read
Paid Post The day in view

🇨🇳 China's AI export boom masks a consumer economy that's still shrinking

3 min read

Become a Member

Daily and weekly briefings on global markets, for self-directed investors who want to be informed, not doomscrolled.

Sign up now

Daily macro and markets briefings for self-directed investors. Global coverage, no doomscrolling.

© 2026 Macro Soup - Macro Soup is an independent publisher of financial news and research. The information provided in this website (the "Content") is general, impersonal, and for informational and educational purposes only. It does not constitute investment, financial, tax, or legal advice, nor a recommendation, offer, or solicitation to buy, sell, or hold any security or investment. Macro Soup has no regard for any recipient's specific investment objectives, financial situation, or needs. Investing involves substantial risks, including possible loss of principal, and past performance is not indicative of future results. You should consult your own advisors before making investment decisions and should double check all Content before you rely on it. Please review the full Disclaimer.