Charles Schwab's Kathy Jones calls President Trump's nomination of Kevin Warsh "puzzling." The Fed governor has a history of being a hawk during the financial crisis, something the president was seemingly avoiding. Kathy weighs how Warsh can exhibit those hawkish tendencies as Fed Chair while balancing Trump's dovish hopes. She later explains why it "doesn't make sense to me" why markets are pricing in rate cuts for 2026.