|
|
|
20.04.26 - 22:06
|
How Trump′s Fed Drama Risks Backfiring — and Keeping Powell in Power (Bloomberg)
|
|
|
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....
|
|
|
20.04.26 - 21:48
|
Warsh to Focus on Fed′s Monetary Independence in Confirmation Hearing (Bloomberg)
|
|
|
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)...
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20.04.26 - 17:15
|
Key Events This Week: Warsh Nomination Hearing, Retail Sales, Fed Blackout, Earnings (ZeroHedge)
|
|
|
Key Events This Week: Warsh Nomination Hearing, Retail Sales, Fed Blackout, Earnings
As the war in Iran enters its 8th week, Deutsche Bank's Jim Reid says that recent developments can be framed in two ways: either five steps forward towards peace and three back (seems more apt than three and two), or as evidence that the two sides remain far enough apart that a lasting deal will be extremely hard to achieve and markets have become far too optimistic. Reid leans more towards the former, but the comparison with recent history is uncomfortable. Remember the 10%+ S&P 500 rally in the early weeks of the war in Ukraine, when hopes briefly grew of an early negotiated settlement, only to be disappointed. That episode is a clear warning sign.
That said, the political calculus around Iran may be different. According to Nate Silver's Silver Bulletin, President Trump's approval rating dipped notably after the war began but appears to have stabilised since the two-week ceasefire was announced on 7 Apri...
|
|
Börsentreff auf Facebook |
Börsentreff auf X |
Börsentreff auf Instagram
