👤 Person

Kevin Warsh

💼 Incoming Federal Reserve Chair
2 stories · First covered May 5, 2026 · Latest Jun 26
Related: Federal Reserve 2 Deutsche Bank 1 RevPAR Growth 1 Hotel Refinancing 1 secondary markets 1 Select-Service Hotels 1 Bank of America 1 floating-rate debt 1 SOFR 1 Hotel NOI 1 Hotel pipeline 1 Hotel Refinancing Risk 1
Works at Federal Reserve
Kevin Warsh Coverage
A 25-Basis-Point Hike Adds $37,500 to a $15M Hotel Loan. Half the Fed Wants to Do It This Year.
REITs
Jun 26

A 25-Basis-Point Hike Adds $37,500 to a $15M Hotel Loan. Half the Fed Wants to Do It This Year.

Nine of eighteen Fed policymakers now project at least one rate hike in 2026, and the new Chair is the most hawkish the Fed has had in a decade. If you're carrying floating-rate hotel debt, the refinancing math you ran in January is already wrong.

JC
Jordan Chen 2 min read · Jun 26
A 25-Basis-Point Hike on $15M in Floating-Rate Debt Costs You $37,500 a Year. That's Not Abstract.
REITs Primary
May 5

A 25-Basis-Point Hike on $15M in Floating-Rate Debt Costs You $37,500 a Year. That's Not Abstract.

The Fed held at 3.50%-3.75% but three FOMC members just dissented against the easing bias, and a new hawkish chair arrives in six weeks. If you're carrying floating-rate hotel debt originated in 2022-2024, the next move isn't a headline — it's a line item on your debt service schedule you need to model this week.

JC
Jordan Chen 2 min read · May 5