Under Warsh, the Fed could embrace Bessent’s geoeconomic agenda
The Treasury secretary wants to use swap lines to lock in dollar supremacy
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The looming battle over the Fed’s balance sheet
What will Warsh choose?
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
Scott Bessent discussed ways to recast ties between Federal Reserve and…
Conversations come at time when Donald Trump has launched assault on US central bank
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
The Fed is vacillating as the war continues
This is starting to look like a central bank appeasing its political masters
Federal Reserve to loosen capital requirements for big US banks
Wall Street cheers plans that would water down protections designed to avoid repeat of 2008 financial crisis