President Trump says he wants Warsh to be independent

President Trump says he wants Warsh to be independent

Speaking ahead of the swearing-in of new Federal Reserve (Fed) Chair Kevin Warsh, President Trump stated that he wants Warsh to be “independent”, stating that the Fed will “make their own decisions”. Donald Trump also stated that he wants to stop inflation, and reminded listeners that economic growth and inflation are two different concepts. Key […]

Dow Jones shrugs off a hawkish new Fed chair to set a record

Dow Jones shrugs off a hawkish new Fed chair to set a record

There is confident, and then there is Friday. The Dow Jones Industrial Average (DJIA) ground out a fresh all-time high, up around a quarter of a percent, on a day that gave it nothing to celebrate. A famously hawkish new chief took the gavel at the Federal Reserve (Fed), consumer sentiment fell off a cliff, […]

Why markets may be misreading Warsh

Why markets may be misreading Warsh

Kevin Warsh was sworn in as the 17th head of the Fed on Friday, the first chair to take the oath at the White House since Alan Greenspan in 1987, a venue choice that says plenty about how close this central bank now sits to the executive branch. The optics got stranger from there. The […]