Arqaam's Meijer Says Markets Won't Like Warsh Appointment

The video discusses the succession plan at Nomura, focusing on the trajectory of US 2-year paper and potential changes in the Federal Reserve chair. Concerns are raised about market reactions to possible replacements for Janet Yellen, particularly Kevin Walsh, due to his past disagreements with monetary policy. The discussion includes potential candidates like Powell and Kashkari, highlighting the uncertainty and impact of fiscal stimulus on interest rates.

What is the significance of communication in the context of market reactions?

What are the potential effects of a new chair combined with fiscal stimulus on interest rates?