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02.05.26 - 14:12
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What Kevin Warsh Means for the Future of the Fed (Bloomberg)
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The Federal Reserve held its latest policy meeting this week with inflation still elevated, the war in Iran still rattling energy markets, and a new Chair waiting to be confirmed by the Senate. Former economic adviser to President Bush and Columbia Business School dean Glenn Hubbard breaks down what the Fed's decision signals about the economy and what Kevin Warsh's incoming leadership could mean for the institution's purpose, strategy, and independence. (Source: Bloomberg)...
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02.05.26 - 01:49
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Wall Street Week | Warsh′s Fed, Vibe Coding, Geothermal Energy, Vegas Bets Big (Bloomberg)
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This week, The Fed made its call this week, but Kevin Warsh may be about to change the institution itself. And, AI made coding easy for everyone, and that's the best and worst thing to happen to software engineering. Plus, can the same technology that unlocked oil and gas now unlock clean energy? Later, the city that was built by the mob is now betting its future on dayclubs, nightlife, and premium experiences. (Source: Bloomberg)...
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01.05.26 - 23:15
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Yellen calls Trump′s Powell investigation ′most disturbing′ (The Hill)
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Former Treasury Secretary Janet Yellen, who also served as chair of the Federal Reserve, ripped the Justice Department's investigation into her successor, Jerome Powell, on Thursday as a “disturbing” attack on the Fed's independence. “I think what President Trump is doing is unprecedented, and the most recent and most disturbing, in a way, is what......
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01.05.26 - 20:55
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Not Great Backdrop for Fed to Ease: Roth (Bloomberg)
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Stephanie Roth, chief economist at Wolfe Research, joins Scarlet Fu on "Bloomberg Real Yield." When Kevin Warsh hosts his first meeting as the new chair of the Federal Reserve, he'll face an immediate dilemma: Stare down White House demands for immediate interest-rate cuts, or stare down fellow policymakers who remain skeptical of the need to ease. (Source: Bloomberg)...
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01.05.26 - 17:06
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Three Fed Officials Explain Why They Dissented, Blasting Fed′s "Easing Bias" (ZeroHedge)
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Three Fed Officials Explain Why They Dissented, Blasting Fed's "Easing Bias"
This morning, three Fed officials said they dissented over this week's policy statement because it was no longer appropriate to signal the Fed's next move was still likely to be an interest-rate cut.
“I believe the FOMC should offer a policy outlook that signals that the next rate change could be either a cut or a hike, depending on how the economy evolves,” Minneapolis Fed president Neel Kashkari said in an essay released on Friday morning. “This could tighten financial conditions somewhat today, pushing back against a high-inflation scenario that could require an even stronger monetary policy response in the future.”
This week's move marked the fifth dissent for Kashkari, formerly a vocal dove, who is currently one of the longest serving reserve bank president among the 12 regional leaders. His last vote against the majority of the committee was in 2020, when he opposed statement language th...
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01.05.26 - 14:36
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Fed′s Kashkari, Hammack Offer Insight on Dissents (Bloomberg)
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Minneapolis Fed President Neel Kashkari and Cleveland Fed President Beth Hammack said in separate statements Friday that they dissented over this week's policy statement because it was no longer appropriate to signal the Fed's next move was still likely to be an interest-rate cut. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)...
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01.05.26 - 12:15
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Trump fumes as Jerome Powell plots future at Federal Reserve (The Hill)
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Federal Reserve Chair Jerome Powell is drawing backlash from Trump administration figures and allies after announcing his plans to stay at the central bank beyond his chairmanship. Powell said Wednesday that he will remain on the Fed board for an undetermined amount of time after Kevin Warsh takes over as chair given the various legal threats he believes the bank still faces. While......
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