Tag

Kevin Warsh

All articles tagged with #kevin warsh

economy1 day ago•22 min saved

Trump Emphasizes Fed Independence as Warsh Takes the Chair

President Trump used Kevin Warsh’s swearing-in as Federal Reserve Chair to stress Fed independence, telling Warsh to “do your own thing” and avoid White House pressure, in a backdrop of a 3.75% federal funds rate, sticky inflation around the high end of its range, and a flat yield curve. Markets are pricing independence as a key driver of the rate path, leaving three big questions for Warsh: whether the data permits further cuts, whether the curve resolves, and whether independence holds if policy and politics diverge.

via 24/7 Wall St.|

#economy #fed-independence #federal-reserve

economy2 days ago•80 min saved

Warsh hints Greenspan-era style for future Fed leadership

The article notes that Kevin Warsh, a potential future Fed chair, suggests he may adopt a Greenspan-era approach to monetary policy, signaling a more flexible, growth-oriented stance rather than a strict, rules-based inflation target. If realized, this could influence rate guidance and market expectations as the Fed weighs balancing inflation with economic expansion.

via Yahoo Finance|

#economy #fed #greenspan

economy3 days ago•4 min saved

Warsh Takes the Fed Helm Amid Inflation Hurdles and Policy Pressure

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.

via Axios|

#economy #federal-reserve #inflation

business3 days ago•3 min saved

Trump pushes for a truly independent Fed chief under Warsh

President Trump urged incoming Fed chair Kevin Warsh to be 'totally independent' at a White House swearing‑in, aiming for a leader who won’t be swayed by outside voices. Critics warn Warsh could be a 'sock puppet' for Trump, while Warsh promises a reform‑oriented, independent Fed. The Fed has kept rates at 3.5%‑3.75%, with economists expecting them to stay there through 2026 amid inflation concerns and global tensions.

via BBC|

#business #fed-chair #independence

business4 days ago•4 min saved

Warsh Takes Fed Lead Under Trump’s Scrutiny

Kevin Warsh is sworn in as Federal Reserve chair at the White House, the first such ceremony there since 1987, highlighting the central tension between maintaining the Fed’s independence and a president who has urged rate cuts. Analysts are divided on whether Warsh will resist political pressure given his conservative stance on easing, while observers note the White House ceremony signals optics that diverge from Fed tradition. Markets and policymakers will watch how Warsh handles inflation pressures from geopolitical events, communications reforms, and the Fed’s balance-sheet normalization, with some anticipating continued independence and others bracing for political influence similar to Powell’s experience.

via MS NOW|

#business #donald-trump #fed-independence

business-and-economy4 days ago•3 min saved

Warsh Takes Fed Chair Amid Independence Scrutiny

Kevin Warsh was sworn in as Fed chair amid ongoing questions about the central bank's independence and inflation pressures; with a June policy meeting approaching and markets pricing a high likelihood of no rate change, Warsh—one of 12 voting members—faces a delicate balance between political pressure and monetary policy independence.

via Al Jazeera|

#business-and-economy #federal-reserve #inflation

business4 days ago•9 min saved

Trump's Fed Chair Pick Meets Market Reality as Yields Surge

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.

via Politico|

#bond-yields #business #donald-trump

business5 days ago•3 min saved

Fed Minutes Signal Warsh May Defy Trump on Cuts, Leaning Toward Hikes

Minutes from the Fed’s latest policy meeting suggest incoming chair Kevin Warsh will likely defy Trump on rate cuts and preside over a committee tilting toward policy firming (rate hikes) as inflation remains well above 2%. The minutes show a majority of participants desire higher rates if inflation stays elevated, while markets price in a rate hike later this year amid stubborn inflation and a volatile outlook for stocks and bonds.

via The Motley Fool|

#business #federal-reserve #fomc

economy5 days ago•22 min saved

Trump Walks Back Rate-Cut Promise as Warsh Nomination Tests Markets

In a Fortune interview, Trump hedged about rate cuts until the war ends, signaling a shift from his campaign‑trail stance that rate reductions were a requirement for Fed chair candidate Kevin Warsh. With inflation still above target (PCE 3.5% y/y, core 3.2%), long rates have risen (10-year yield around 4.67%, mortgage rates near 7%), and markets have largely priced out cuts. Kalshi now shows a rising odds of a rate hike by July 2027, suggesting Warsh may face pressure to raise rates rather than cut them. Warsh’s confirmation hearings will test whether he commits to any rate-cut timeline or accepts higher rates to anchor inflation expectations.

via 24/7 Wall St.|

#economy #federal-reserve #inflation

economy7 days ago•19 min saved

Trump breaks Fed ceremony tradition with White House swearing-in for Warsh

President Trump will host Kevin Warsh's swearing-in as Federal Reserve chair at the White House, a break from the usual Fed ceremony and a sign of his personal stake in the central bank's independence amid ongoing tensions; Warsh was confirmed by the Senate 54-45.

via The Washington Post|

#economy #federal-reserve #kevin-warsh

us-politics-and-policy10 days ago•4 min saved

Trump nominees push for a finite Powell chair tenure at the Fed

Two Trump-nominated Fed officials object to keeping Powell as chair pro tempore for an unlimited duration, arguing the designation should be finite; Powell will remain chair until Kevin Warsh is sworn in after his Senate confirmation, marking a transitional, time-limited leadership. Miran voted against the designation and Bowman abstained; Warsh could be sworn in as soon as next week following a 54-45 Senate vote. The episode underscores tensions over Fed independence amid partisan pressure and continuing debate over the path of monetary policy and rate cuts.

via Financial Times|

#federal-reserve #jerome-powell #kevin-warsh

economy11 days ago•39 min saved

Markets resist Trump’s rate-cut push as Warsh’s Fed faces inflation hurdle

Markets are pricing in little near-term relief for rate cuts despite Trump’s push, as incoming Fed Chair Kevin Warsh confronts sticky inflation and higher bond yields; 2-year Treasuries jumped above 4% and longer maturities rose as investors bet the path to cuts will be slower or smaller than hoped, with CPI at 3.8% and Middle East energy tensions adding to price pressures, complicating any easing despite Warsh’s dovish lean.

via Fortune|

#bonds #economy #fed-interest-rate

economy11 days ago•2 min saved

Warsh Takes the Wheel as Markets Bet the Fed Must Catch Up on Inflation

Bond traders believe inflation is running ahead of the Fed as Kevin Warsh takes over, suggesting policy may tilt toward tightening rather than further easing; Ed Yardeni argues the central bank may need to hike to curb inflation, while markets price in no rate cuts for the rest of the year amid inflation data showing a fresh uptick (CPI +3.8% year over year, wholesale +6%).

via CNBC|

#economy #ed-yardeni #fed

business12 days ago•2 min saved

Fed Governor Miran resigns and backs Warsh as chair-in-waiting

Federal Reserve Governor Stephen Miran has submitted his resignation, saying he will vacate the Fed board around the time Kevin Warsh takes the chair. A contrarian on rate moves, Miran opposed 2025 rate hikes and backed rate cuts this year, and he praised Warsh while signaling policy changes under new leadership, such as communications and balance-sheet policy, and keeping the Fed to its narrow mandate. He advocates a forward-looking approach that accounts for nonmonetary forces like slower population growth and deregulation, and supports shrinking the balance sheet along with deregulation of banks.

via CNBC|

#business #federal-reserve #kevin-warsh

economy12 days ago•5 min saved

Warsh Takes Fed Chair Post, Signals Overhaul of the Central Bank

The Senate confirmed Kevin Warsh as the next chair of the Federal Reserve by a 54-45 vote, positioning him to overhaul the Fed’s decades-old tools and communications amid pressure from President Trump for lower interest rates and a challenging backdrop of rising prices driven by global tensions, with Warsh’s tenure likely to bring a more brittle relationship with Congress than his predecessor Jerome Powell.

via Politico|

#economy #federal-reserve #inflation