Warsh Takes the Fed Helm Amid Inflation Hurdles and Policy Pressure
TL;DR Summary
Kevin Warsh begins as Fed chair facing stubborn inflation, an energy shock, and political pressure to cut rates, while Fed governor Christopher Waller signals a hawkish shift, making near-term easing unlikely as inflation and inflation expectations remain elevated.
- Trump to Fed chair Warsh: "Don't look at me, don't look at anybody" Axios
- Kevin Warsh sworn in as Fed chair at pivotal moment for US economy CNN
- Trump finally gets his Fed chair. Bond investors are already testing him. Politico
- Treasury yields are mixed as investors digest Fed chair swearing in, bond market volatility CNBC
- Trump Picked Warsh to Cut Rates. Markets Are Bracing for the Opposite. WSJ
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