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PULSE / FED WATCH
POWELL TRANSITION INTELLIGENCE

FED WATCH.

Powell's term ends May 12, 2026. Trump's shadow-chair speculation is moving markets daily. This is where retail watches the transition: countdown, yield curve, candidates, FOMC probabilities, and a real-time stream of every Trump-on-Fed statement.

JEROME POWELL · 10 DAYS

Fed Chair since Feb 2018. Reappointed by Biden in May 2022. Current 4-year term ends May 12, 2026. Trump has publicly criticized Powell repeatedly throughout 2025-26 over rate policy, naming Kevin Warsh, Scott Bessent, and Christopher Waller as potential replacements.

POWELL TIMELINE

Visual horizontal track with 8 milestone events (2018 appointment, COVID 2020, 2022 hikes, 2022 reappointment, 2024 cuts, 2025 Trump tension, NOW pulse, future term-end). Scroll down — notice the floating pill (top left) and thumb-zone bar (bottom) stay locked while the breadcrumb scrolls away with content. That's intentional: breadcrumb is the "where am I" landmark, the floating pill and thumb bar are the "get me out" escape hatches.

YIELD CURVE

Live ^IRX / ^FVX / ^TNX / ^TYX from FMP batch-quote, refresh 15s. Curve shape auto-classified: STEEP / FLAT / INVERTED based on 10Y-3M spread thresholds. Read panel below explains what the shape means right now — recession signal active, late-cycle indecision, healthy term premium, or growth+inflation expected.

FOMC PROBABILITY

3 meeting columns: May 7, Jun 18, Jul 30. Static-preview values for now (CUT / HOLD / HIKE percentages with gauge bars). CME FedWatch live wire ships in Phase 4.5. Note how the floating pill stays in the corner — always one tap away no matter where you are on the page.

SHADOW CHAIR CANDIDATES

4 cards in a responsive grid. Warsh (frontrunner ★, 42% odds, hawkish 78%). Bessent (28%, centrist 45%). Waller (18%, dovish 38%). Kashkari (12%, hawkish 62%). Each card: name + role + implied odds + dovish/hawkish stance bar gradient + source-quote attribution.

TRUMP VOLATILITY INDEX

KMAN ORIGINAL — only-we-publish metric. Average 30-min absolute move in DXY/SPY/^TNX after each Trump-on-Fed post over trailing 90 days. Currently seeded at 0.42% — moderate sensitivity. Above 0.6% = high-reactive tape. Below 0.2% = market is tuning him out.

FED WIRE + TRUMP-ON-FED STREAMS

Two live news feeds via kman-wire-worker. Fed Wire = 14-keyword filter (fed/powell/fomc/inflation/yields/Bessent/Warsh/Kashkari/Waller/etc). Trump-on-Fed Wire = Trump+Fed keyword intersection. Both feeds refresh 60s. Click any item to open in new tab.

END OF PAGE

Scroll all the way down. Notice: the thumb-zone bar at the bottom is always reachable for your right thumb. The floating pill is always reachable for your left thumb. The breadcrumb at the top requires scrolling back up. Three different escape hatches at three different moments — that's why D wins over any single option alone.

VP: —