M/A/DMarket Action Dynamics
OBSERVER / POLICY & LIQUIDITY

Policy. Liquidity. Market narrative.

Follow the forces shaping expectations: the Fed, positioning, Treasury supply and the yield curve.

THE PEOPLE BEHIND POLICY

FED POLICY COMPASS.

Know the speaker. Read the record.

2026 POLICY ROSTER · 12 VOTING SEATSReviewed Oct 8, 2026Official FOMC roster ↗

Hawkish favors tighter policy. Dovish favors easier policy. Mixed means the direction changes with the evidence.

Public-history lean ≠ next vote

All seven governors and twelve Reserve Bank presidents, plus New York’s designated alternate. Non-voting presidents help shape the policy discussion; their remarks can still move markets.

PUBLIC HISTORY / MAD INTERPRETATION

Kevin Warsh

Board of Governors · 2026 voterHawkish lean

Recent emphasis on restoring price stability; this is a current lean, not a lifetime label.

What supports the label

Jackson Hole policy remarks

Put inflation at the center of the near-term policy discussion and called for sufficient progress toward the target.

Read the official record ↗

Recorded rate preferences Jan–Sep 2026

cut0
hold2
raise1
3 recorded votes · 0 dissents. Wording dissents count as holds when the member supported unchanged rates.
DECISIONS, NOT PERSONALITY SCORES

Warsh’s voting record

Six published meetings through September 2026. Each row links to the official decision.
MeetingCommittee decisionMember preferenceVote / context
Jan 28, 2026 ↗10–2 · HoldNot a voter—Not a voter at this meeting
Mar 18, 2026 ↗11–1 · HoldNot a voter—Not a voter at this meeting
Apr 29, 2026 ↗8–4 · HoldNot a voter—Not a voter at this meeting
Jun 17, 2026 ↗12–0 · HoldHoldWith majoritySupported the hold
Jul 29, 2026 ↗9–3 · HoldHoldWith majoritySupported the hold
Sep 16, 2026 ↗12–0 · Raise 25 bpRaise 25 bpWith majoritySupported a 25 bp increase
Curated snapshot, not an automatic speech-sentiment feed. Speaker calendars are not a complete record of every regional-bank appearance or unscheduled comment. Labels summarize the linked public statements and recorded preferences; they are not official Fed ratings, lifetime classifications or predictions. Historical calendar events use this dated reference, not a reconstruction of what was known then. Governors and New York vote each year; other Reserve Bank seats rotate. Back to Policy & Liquidity ↑
×A LITTLE CURIOSITY GOES A LONG WAY

There’s more beneath
the surface.

We won’t bite. Create a free account and uncover more of policy & liquidity — or sign back in to pick up where you left off.

or use email
No password to remember. Use the link in this browser to create an account or sign in.

Free Observer access.

Keep exploring Market Intelligence ↗
HELP SHAPE M/A/D

What’s on your mind?

Sign in to your free Observer account to send feedback. Sign in ↗

For support, email help@marketactiondynamics.com. For general inquiries, email contact@marketactiondynamics.com.

YOUR WORKSPACE

Chart appearance

One palette for every chart. Changes apply instantly and save automatically.

RisingFalling
Fill
Border
Wick
Standard colors
Pick a standard color, or use the precise color controls above and below.