PETER NAVARRO: Powell’s shadow Fed majority could threaten jobs, housing and growth

SITREP: Peter Navarro has expressed concerns that the majority influence of Jerome Powell and his allies on the Federal Reserve could lead to detrimental economic consequences, including job losses and a decline in housing and growth. The new Fed Chair, Kevin Warsh, may face challenges in countering these pressures amid rising oil prices. TACTICAL ASSESSMENT: This situation indicates a potential conflict within the Federal Reserve that could impact monetary policy decisions during a critical economic period. The alignment of Powell and Biden-era officials suggests a continuation of aggressive rate hikes, which may exacerbate inflationary pressures and economic instability. PROJECTED VECTORS: If the Fed proceeds with rate hikes, it could lead to increased market volatility and a slowdown in economic growth.