Kevin Warsh

speaker

277 appearances 3 recordings 1 series first heard Jul 2026 last heard 17 Sep

Kevin Warsh’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 3 in all, peaking in Sep 2026 with 1.

Appearances

newest first · ▶ plays the moment

Bannon`s War Room · Episode 5623: Kevin Warsh Addresses Jackson Hole Economic Forum · 28 Aug 2026 podcast

Several other observations. matched

Business CapEx is rising rapidly. matched

The four-quarter change in investment in equipment and intangibles has been around 9%, its highest growth rate since 2021. matched

And more than half of the CapEx growth can likely be ascribed to the build-out related to AI. matched

What about profits? matched

For the firms in the S&P, profits have grown more than 20% over the past year alone. matched

Profit margins are quite elevated relative to history. matched

Overall equity and market volatility, quite low. matched

We're staying keenly focused on market internals, watching performance across sectors. matched

Expectations for both growth in CapEx and corporate earnings are running quite high. matched

I continue to watch the change in the growth rates, the second derivative. matched

The follow-on effects on asset prices, business confidence, consumer incomes and spending are equally important to gauge. matched

Credit spreads on corporate bonds and leveraged loans are near the low end of their historical averages. matched

And issue volumes this year, quite strong. matched

Looking beyond fixed income markets to the banking business, in the July so-called SLU survey, banks tell us that standards for C&I loans are on the easier end of their historical ranges. matched

That helps explain their growth that we've seen this year in these loans. matched

In my view, credit and loan markets are showing few signs of policy restraint. matched

Now, certain sectors, like housing and agriculture, are showing strains. matched

But on balance, I would be hard pressed to describe broad financial conditions as restrictive. matched

Real consumer spending has been healthy despite these shocks, increasing more than 2% over the past four quarters. matched

Showing 181–200 of 277 · page 10 of 14