But Bank of America economist Aditya Bhave warned Wednesday that such a recalculation might not pan out as the former Fed governor hopes.

The former Fed governor, poised to become the wealthiest Fed chair in history, is set for a Senate hearing on his nomination Tuesday morning.

Kevin Warsh signals no rate‑cut commitments in his Fed confirmation hearing, outlining views on independence, inflation risks, and the policy path investors should watch.

The remarks were made at a contentious confirmation hearing, which took place amid a criminal probe of current chair Jerome Powell.

A Warsh-led Fed could have far-reaching consequences for many consumer borrowing costs and savings rates.

But Bank of America economist Aditya Bhave warned Wednesday that such a recalculation might not pan out as the former Fed governor hopes.