Is the Fed the referee or the best player?

The Fed held rates steady on Wednesday, and chair Kevin Warsh commented on the Federal Reserve’s future role in markets. Today on the show, Katie Martin and Rob Armstrong try to figure out if Warsh can really have the Fed he says he wants. Also they catch up on their bets on the future of gold and bitcoin.

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You can email Robert Armstrong and Katie Martin at unhedged@ft.com.

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