Svmuu News: Christopher Hodge, former chief economist at the New York Fed and chief U.S. economist at Natixis, said that Fed Chair Warsh’s hawkish start could create a “credibility trap.” Christopher Hodge noted that Warsh’s aversion to “forward guidance” and “dot plots” is justified given the current uncertain environment, but also reveals a risk-taking tendency; If CPI data in the coming months becomes distorted by short-term disruptions such as tariffs or energy shocks, Warsh may be forced to raise rates due to his previous stance. Natixis expects the Federal Reserve to keep interest rates unchanged throughout 2026.