Fed Chair Warsh Pushes Ahead With Policy Overhaul, Meets Resistance
Kevin Warsh is driving rapid changes at the Federal Reserve in some areas, while his emerging policy framework leaves the door open to further interest rate hikes.
Federal Reserve Chairman Kevin Warsh is pushing ahead with a rapid overhaul of policy in some areas of the central bank, according to CNBC, even as the effort meets resistance.
CNBC reported that Warsh's emerging policy framework suggests further interest rate hikes remain possible, a signal that could mark a shift in the Fed's approach under his leadership.
The report did not specify which areas of Fed policy are seeing the most rapid change, nor did it detail the source or nature of the resistance Warsh's approach has encountered within the institution.
Any shift in the Fed's rate trajectory or balance sheet approach under new leadership is closely watched by markets, given the central bank's influence over borrowing costs across the U.S. economy.
Sources
- Warsh's regime change at the Fed pushes ahead – and meets resistance — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
Related articles
US dollar reaches nearly two-month high amid hawkish Fed expectations
Strong manufacturing and services data, rising oil prices, and hawkish signals from Federal Reserve officials have pushed the dollar higher amid weak risk appetite, experts say.
Analysis: New Fed Chair Kevin Warsh Faces First Test as He Moves to 'Remove the Punchbowl'
An opinion piece from Anadolu Agency argues that new Federal Reserve Chair Kevin Warsh appears intent on tightening monetary policy even as many Americans feel little economic relief.
Treasury yields tick higher again to close out a volatile week
U.S. Treasury yields rose Friday as hawkish Federal Reserve commentary and stronger-than-expected economic data extended a recent selloff in bonds.
US Treasury yields climb further as global bond selloff eases
Yields extended their rise to end the week following a global bond rout and stronger-than-expected US economic data.
Iran's Parliament Speaker Criticizes US Economy as Treasury Yields Hit Multi-Year High
Mohammad Bagher Ghalibaf took aim at U.S. economic troubles as 10-year Treasury yields climbed to their highest level in years.
Dow Falls for Third Straight Day as Bond Yields Climb to Fresh Highs
Treasury yields continued rising as traders anticipated further interest rate hikes from the Federal Reserve.
Comments
Loading comments…