To The Moon

Kevin Warsh will face a vastly different economic and financial environment as Federal Reserve chair than his immediate predecessors. Higher inflation and bond yields are likely, given unremitting...

Kevin Warsh will face a vastly different economic and financial environment as Federal Reserve chair than his immediate predecessors. Higher inflation and bond yields are likely, given unremitting...

Kevin Warsh, President Donald Trump's nominee for the next chair of the Federal Reserve, may be a pick out of "central casting," as the president says. But some economists are skeptical that he will deliver interest-rate cuts quickly, while keeping the central bank's goals of price stability and maximum employment in balance.In the past year, labor conditions have weakened, while annual inflation has been much closer to 3% than the Fed's 2% goal. Warsh, if confirmed, will inherit this economic reality, which could make it difficult to realize Trump's vision of dramatically lower interest rates.Yet as Trump's nominee, Warsh is expected to bring a more nuanced approach to the Fed's leadership, particularly as he has expressed skepticism that the Fed is an "all-powerful, all-knowing institution," writes Jai Kedia, Cato research fellow at the Center for Monetary and Financial Alternatives. That could be a positive sign for critics who have long held that the Fed is too slow to act.

Trump on Greenland: I'm Not Going To Pay Anything

White House Adviser Hassett: IF Took Fed Job, I'd Commit to TransparencyWhite House adviser Kevin Ha

(Reuters) - Oil prices extended gains on Tuesday as heightened concerns surrounding major producer Iran and potential supply disruptions overshadowed the prospect of increased crude supply from...