Fed Chair Kevin Warsh’s view on prioritizing data over party indicates he does not align with Trump.
Most Senate Democrats opposed Kevin Warsh’s nomination for Fed chairman, believing he would simply be a puppet for President Trump, who appointed him. Warsh recently challenged that notion. This push came as he suggested lowering short-term interest rates to stabilize the economy ahead of the midterm elections, despite ongoing inflation concerns. It’s interesting, really, given […]
Key points to observe during Kevin Warsh’s inaugural meeting as chairman of the Fed today
Kevin Warsh to Maintain Interest Rates at First Fed Meeting At his debut meeting as Fed chairman on Wednesday afternoon, Kevin Warsh is expected to keep interest rates steady. Observers are particularly curious about any potential shift toward a more aggressive posture, such as a hike in rates. Since President Trump appointed Warsh in January, […]
Pursuing Kevin Warsh’s Unseen Point
Warsh addresses the microphone he’s hesitant to embrace. Kevin Warsh convened his inaugural Federal Open Market Committee meeting as Fed chairman on Tuesday. Tomorrow, he will face the press for the first time. Arguably, what’s most intriguing is what he chooses not to say. Mr. Warsh has long argued that the Fed communicates too much. […]
Warsh’s Argument for Reducing Rates Based on Supply-Side Economics
Now is an unusual time to call for a rate cut The most straightforward argument against cutting rates is that inflation is still running high while unemployment remains low. Wages are increasing, consumer spending seems resilient even with fluctuating gas prices, and the market appears to have largely abandoned hopes that the Fed will ease […]
Kevin Warsh’s initial task as Fed Chair is to tackle inflation while keeping Trump satisfied.
President Ben Bernanke’s tenure at the Federal Reserve during the financial crisis of 2008 and 2009 is often seen as groundbreaking. Now, new Fed Chairman Kevin Warsh faces his own set of challenges. The crises back then overshadow anything the Fed might face in the near future. Bernanke, aided by key figures like Tim Geithner […]
Powell for Now? Fed Names Powell Acting Chair Despite Warsh’s Confirmation
Jerome Powell Remains Federal Reserve Interim Chairman Jerome Powell continues his role at the Federal Reserve as the board has voted to appoint him as interim chairman until Kevin Warsh officially takes over. This was conveyed in a brief press release stating that such a temporary measure is typical during chair transitions. Interestingly, the release […]
Tillis Approves Warsh’s Confirmation for the Fed
Senate Republicans are moving closer to appointing Kevin Warsh as the next Chairman of the Federal Reserve after Senator Thom Tillis announced on Sunday that he would stop blocking the nomination. Senator Tillis, a Republican from North Carolina, had previously stalled Warsh’s nomination along with others due to a criminal investigation by the Justice Department […]
Pirro announces she will end the federal investigation delaying Warsh’s confirmation.
Investigation into Federal Reserve Renovation Costs Concludes On Friday, Washington’s attorney general announced the conclusion of an investigation regarding cost overruns tied to a renovation project at the Federal Reserve’s headquarters in Washington, D.C. Jeanine Pirro, the chief federal prosecutor in the area, shared in a post on X that the Federal Reserve’s Inspector General […]
Wall Street is becoming more positive about Kevin Warsh’s nomination for Fed chair.
Wall Street leaders are becoming more hopeful that the deadlock surrounding Kevin Warsh’s nomination to lead the Federal Reserve could be resolved before Jerome Powell’s term concludes next month, according to reports from On the Money. This sense of optimism is growing after Senator Thom Tillis (R-N.C.) suggested an “off-ramp” to President Trump, aimed at […]
Apple’s upcoming CEO, Warsh’s approval hearing, the rise in psychedelic stocks, and additional updates in Morning Squawk.
Good Tuesday morning! Today at 8:30 a.m. ET, President Donald Trump is set to have a live interview on CNBC’s “Squawk Box.” You can catch it live on CNBC or CNBC+. In the meantime, stock futures are showing signs of recovery after a recent downturn in the market. Here are five key points investors should […]