Kevin Warsh
8 briefs
Inflation Just Crossed Above the Fed's Policy Rate for the First Time in Three Years
April CPI at 3.78% now exceeds the 3.64% Fed funds rate, turning real policy rates negative -- and the Fed's incoming chair has signaled no urgency to respond.
Trump Started a War That Is Preventing the Rate Cuts He Wants
The Iran war has created an oil-driven inflation shock that is pushing the Federal Reserve toward rate hikes, the opposite of everything Trump has demanded for two years.
Trump Is Getting the Fed He Wanted. The Question Is What He'll Do With It.
Kevin Warsh clears the Senate Banking Committee 13-11 and takes over from Powell on May 15. The Fed he inherits is more divided than it has been in decades, and the economy is the opposite of what Trump promised Warsh would fix.
The Fed Has No Move. That Is Now the Official Position.
Four dissents, a lame-duck chair, and a war pushing oil prices up while jobs cool. The central bank that cannot cut is also the one that cannot raise.
Kevin Warsh Clears Senate Banking Committee. The Fed's Independence Window Is Closing.
The party-line 13-11 vote advances a nominee who pledged Fed independence but whose confirmation is a direct reward for Trump's months-long pressure campaign against Powell.
The Man Trump Picked to Run the Fed Says He Won't Do What Trump Wants
Kevin Warsh's confirmation hearing produced the predictable pledges of independence. The predictable part is the problem: every Fed nominee says this, and the chair who actually defies a sitting president has not yet existed.
Trump's Fed Pick Swore He Wouldn't Be Trump's 'Sock Puppet.' That's Exactly What a Sock Puppet Would Say.
Kevin Warsh cleared his confirmation hearing by pledging strict Fed independence. The question is whether a nominee who owes his job to presidential pressure can deliver independence once confirmed.
Trump Threatens to Fire Powell. The Market Says He Won't Get What He Wants Either Way.
The Federal Reserve chair's term ends May 15, but his replacement can't get confirmed, a criminal investigation is blocking the vote, and Powell says he's staying. No one is getting a rate cut.