No. of Recommendations: 7
In that case, plan on a fed funds rate of 1%, inflation at 4% (maybe higher), the 10 year Treasury at 5% minimum (and maybe 6% or higher depending on inflation) and gold at $7,000 per ounce (maybe higher).
Possible, but not certain. The Fed Chair is an incredibly important position, but the FOMC is a committee, and the Chair's main power is suasion and not direct authority to decide on his own what the fed funds rate is. The FOMC has a history of trying to reach consensus behind the Chair's guidance, but that is by no means set in stone - and especially if Powell decides to keep his spot on the fed after his term as chair is up, there's a non-trivial chance that the Fed won't just get in line behind what Warsh (and Trump) want them to do.
