Related reading
Warsh can bring a much-needed trade-off on rates to the Fed
The designate chair has signalled a willingness to take the central bank’s balance sheet into account when setting monetary policy
The Fed is vacillating as the war continues
This is starting to look like a central bank appeasing its political masters
What Warsh should do at the Fed
If he is finally confirmed, Trump’s nominee for chair must undertake a re-evaluation of the central bank’s structure and purpose
Under Warsh, the Fed could embrace Bessent’s geoeconomic agenda
The Treasury secretary wants to use swap lines to lock in dollar supremacy
Interest rates take fright
The market’s calm in the face of war is beginning to crack
The Fed’s delicate balancing act over liquidity
Optimism and greed complicate the central bank’s decisions during market disruptions