Kevin Warsh - Truenewj

Last year, new Federal Reserve Chairman Kevin Warsh believed that artificial intelligence would pave the way for interest rate cuts. Now it is doing exactly the opposite.

amefika1 week ago06 mins

in a Wall Street Journal In an op-ed last November about the Federal Reserve, Kevin Warsh said that artificial intelligence (AI) would be a “significant disinflationary force.” Many experts interpreted this to mean that Warsh was suggesting that the benefits of AI could pave the way for the Federal Reserve to lower interest rates further….

Can Kevin Warsh toughen policy without upsetting Trump?

amefika2 weeks ago05 mins

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…

Senator Elizabeth Warren Sends Letter to Incoming Federal Reserve Chair Kevin Warsh to Pressure Him on Asset Divestment

amefika3 weeks ago04 mins

Sen. Elizabeth Warren, the top Democrat on the Senate Banking Committee, sent a letter to incoming Federal Reserve Chairman Kevin Warsh about her assets on Friday morning. “I am writing to request an update on the status of your divestitures, including information on who you sold your assets to and under what terms,” Warren wrote….

Kevin Warsh confirmed as next Federal Reserve chairman

amefika3 weeks ago02 mins

The United States Senate confirmed Kevin Warsh as the next chairman of the Federal Reserve (Fed), approving President Donald Trump’s nominee to replace Jerome Powell. Warsh was confirmed by 54 votes in favor and 45 against, with the narrow majority of Republicans being enough to ensure his appointment. He will take office for a four-year…

Fed Chair Candidate Kevin Warsh Disagrees with Jerome Powell on This Key Stock Market-Supporting Fed Policy (Hint: Not Rate Cuts)

amefika1 month ago05 mins

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…

Federal Reserve Chairman Nominee Kevin Warsh Just Throwed Jerome Powell Under the Bus and Signaled a Major Change at the Central Bank

amefika1 month ago05 mins

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…

Dollar rises after strong US economic reports

amefika1 month ago05 mins

The dollar index (DXY00) has risen +0.09% today. The dollar is rising today thanks to better-than-expected US retail sales and pending March home sales reports. The dollar is also supported by signs that Federal Reserve Chairman nominee Kevin Warsh will support an independent Federal Reserve and prioritize low inflation. Politico reported that Fed Chairman nominee…

Morning Deal: Technology Overwhelms Tension in Iran

amefika2 months ago04 mins

By Mike Dolan April 21 (Reuters) – What matters today in the US and global markets By Mike Dolan, Managing Editor of Finance & Markets Tech stocks refuse to fall this week, despite ongoing tensions in the Gulf and the imminent expiration of the current two-week ceasefire between the United States and Iran on Wednesday….

Warsh Commits to Monetary Policy Independence, Says Expressing President’s Views on Rates Not a Threat

amefika2 months ago04 mins

Federal Reserve Chairman nominee Kevin Warsh will tell Senate lawmakers on Tuesday that setting interest rates independently is “essential” but that the chairman’s views on monetary policy do not threaten the central bank’s independence. “Let me be clear: the independence of monetary policy is essential,” Warsh wrote in prepared remarks. “Monetary authorities must act in…

Stocks rise on US-Iran peace hopes and lower PPI growth

amefika2 months ago07 mins

The S&P 500 Index ($SPX) (SPY) today rose +0.77%, the Dow Jones Industrial Average ($DOWI) (DIA) rose +0.59% and the Nasdaq 100 Index ($IUXX) (QQQ) rose +0.98%. E-mini S&P June futures (ESM26) rose +0.73% and E-mini Nasdaq June futures (NQM26) rose +0.92%. Stock indices are rising today, with the S&P 500 at a 1.5-month high,…