Quick reading Federal Reserve Chairman Kevin Warsh faces pressure to tighten monetary policy amid rising inflation (core PCE in the 91st percentile of trailing-12-month range) while maintaining political independence from President Trump, likely using quantitative balance sheet tightening rather than interest rate increases to avoid headlines. There is a significant disconnect between complacent options markets…
Kevin Warsh is expected to become the next chairman of the Federal Reserve after getting the nod from the Senate Banking Committee. Assuming the full Senate confirms his nomination, he will succeed Jerome Powell (who has held the position since 2018) by May 15. Powell, however, has said he will not leave the Federal Open…
It’s the end of an era at America’s most important financial institution, the Federal Reserve. May 15 will mark the last day of Jerome Powell’s tenure as chairman of the Federal Reserve and potentially the beginning of Kevin Warsh’s tenure as head of the central bank. It may also signal the start of greater volatility…
NEW YORK (Reuters) – Federal Reserve Governor Stephen Miran said on Thursday that reducing the financial system’s demand for high levels of liquidity could allow the central bank to substantially trim the size of its still large balance sheet and facilitate a more flexible monetary policy stance than it would otherwise. “Reducing the size of…
