In 6 Words, Fed Chair Kevin Warsh Just Dropped the Hammer on Wall Street
3 Articles
3 Articles
In 6 Words, Fed Chair Kevin Warsh Just Dropped the Hammer on Wall Street
Key PointsNew Fed Chair Kevin Warsh presided over his first Federal Open Market Committee (FOMC) meeting last week.The FOMC meeting statement and Warsh's post-meeting press conference made clear that price stability is at the top of the list for the central bank.The prospect of higher interest rates is growing, which is terrible news for a stock market that's been fueled by the debt-financed artificial intelligence data center build-out.10 stock…
(Dan Tri Newspaper) - Under the leadership of Chairman Kevin Warsh, the US Federal Reserve is changing the way it communicates and operates, forcing investors to "decode" the signals themselves in order to seize opportunities.
Kevin Warsh ‘most hawkish’ Fed chair since Volcker
Franklin Templeton’s Sonal Desai has praised the hawkish tone of new Federal Reserve chair Kevin Warsh in his first press conference, saying it was “a welcome return to a more orthodox monetary policy”. Desai, fixed income CIO at the $1.66 trillion asset manager, said it was puzzling that many in markets and the media believed Warsh would take the job simply to fulfil US President Donald Trump’s desire for lower interest rates. “I have argued in…
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