Trump's Fed Chair Pick Meets Market Reality as Yields Surge
TL;DR
Trump taps Kevin Warsh to chair the Fed hoping for lower borrowing costs, but rising bond yields and geopolitical tensions mean rate cuts may be off the table this year, testing Warsh’s independence.
- Trump finally gets his Fed chair. Bond investors are already testing him. Politico
- Trump Picked Warsh to Cut Rates. Markets Are Bracing for the Opposite. WSJ
- Kevin Warsh sworn in as Fed chair at pivotal moment for US economy CNN
- Trump to Fed chair Warsh: "Don't look at me, don't look at anybody" Axios
- Warsh Takes Charge of a Fed Facing Rising Inflation Threat The New York Times
Want the full story? Read the original reporting
Read on Politico