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20.04.26 - 22:06
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How Trump′s Fed Drama Risks Backfiring — and Keeping Powell in Power (Bloomberg)
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President Donald Trump has nominated Kevin Warsh, a former Federal Reserve governor, to succeed Jerome Powell when his term as chair of the Fed's Board of Governors expires on May 15. Typically, new chairs are subjected to plenty of scrutiny, but the transition of power is almost always smooth and uncontroversial. Not so this time....
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20.04.26 - 21:48
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Warsh to Focus on Fed′s Monetary Independence in Confirmation Hearing (Bloomberg)
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Bloomberg's Stuart Paul said that a preview of prepared remarks from Trump's pick for Fed Chair Kevin Warsh show that he will focus mainly on the Fed's monetary independence in his confirmation hearing Tuesday. Paul described Warsh's view that the fed is responsible for all inflation, even if it is driven up by external forces, as 'shockingly hawkish' but explained that it could stem from the pressure he will face from the White House to deliver rate cuts. (Source: Bloomberg)...
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