For the record. Wall Street’s Warsh “Hawk” Label Misses the Point. Wall Street brands Kevin Warsh a “hawk” because he questions quantitative easing and refuses to use monetary policy to prop up asset prices instead of the real economy. That unsettles the dominant Keynesian consensus on the Street, which still prefers aggressive stimulus and balance‑sheet activism as the first, second, and third tools of policy. In reality, Warsh is clearly aligned with President Trump’s productive‑capital, supply‑side agenda: prioritizing investment, productivity, and private‑sector credit creation over financial engineering. Advocating a supply‑side agenda gets labeled “hawkish” by Wall Street, but it’s really an anti‑Keynesian stance, not a reflexive preference for tight money. Yes, QE was a failure, and questioning it does not make you a hawk. But the Wall Street noise machine again implies that Trump and Scott Bessent don’t know what they’re doing. This comes from the “wages create inflation” and “tariffs create inflation” crowd, which were all wrong, irony at its highest level. The exhaustive research completed by President Trump on the next Fed chair will be spun by pundits as Warsh being a “second‑best” choice. That analysis is pure folly and is representative of the Trump Derangement Syndrome that still grips much of Wall Street commentary.