Jim Cramer has a prediction about the newest person sitting in the most powerful chair in global finance: Kevin Warsh is going to be boring. And he means that as a compliment.
The CNBC host said on July 2 that Warsh, who succeeded Jerome Powell as Federal Reserve Chair in May 2026, won’t deliver any surprises during his upcoming debut at the ECB-hosted roundtable in Sintra, Portugal.
The Bob Rubin playbook
Cramer described Warsh’s communication style as aligned with what he called the “Bob Rubin playbook.” Rubin was famous for saying as little as possible, as calmly as possible, while markets did their thing.
Warsh’s first FOMC meeting, held June 16-17, offered early evidence of this approach. The committee voted unanimously to hold the federal funds rate at 3.50%-3.75%, a level that hasn’t budged since December 2025. No dissents, no drama, no forward guidance that sent traders scrambling to reprice anything.
