US Senate confirms Warsh as Fed chair

Also in today’s newsletter, the importance of independent voters ahead of this year’s midterm elections

Trump tries to make deals in China. And, Senate confirms Kevin Warsh as Fed leader

President Trump is vying to make deals with China during his visit with President Xi Jinping. And, the Senate confirmed Kevin Warsh as the next leader of the Federal Reserve.

By Brittney Melton

Bessent credits Dem senator with putting 'country before political ideology' in Fed chair confirmation vote

Kevin Warsh Federal Reserve chair nomination confirmed in a 54-45 Senate vote, with Sen. John Fetterman as the only Democrat to cross party lines and vote for confirmation.

Bessent sees 'substantial disinflation' ahead as Warsh takes over the Fed

Bessent said the energy-fed inflation surge recently is likely to reverse as the U.S. is "going to keep pumping."

Is China set to benefit from new US Fed chair Kevin Warsh’s policy vision?

Kevin Warsh’s confirmation as the next chair of the United States Federal Reserve has fuelled debate over whether potential policy compromises with the administration of US President Donald Trump could undermine American financial credibility and inadvertently strengthen Chinese assets. The Senate confirmed Warsh as the 17th chair of the Fed on Wednesday in a 54-45 vote, mostly along bipartisan lines. He succeeds Jerome Powell, whose term expires on Friday, following a sustained pressure...

By Sylvia Ma

Kevin Warsh will impose a regime change after being appointed chairman of the Federal Reserve

The new head of the central bank aims to make a radical change in the institution’s management, reducing the balance sheet and lowering interest rates

By Jesús-Sérvulo González Moreno

The Fed needs to be independent and accountable, Cleveland Fed's Hammack

Warsh confirmed for Fed chair as inflation roils plans

Only one Democrat joined Republicans in voting for Warsh

By Peter Weber, The Week US

Rate Hikes Are Coming...

Rate Hikes Are Coming... Submitted by QTR's Fringe Finance What a week for macroeconomic data. We got two horrific datapoints this week that, when combined with some key comments from days ago, seem to be pushing the Fed closer to rate hikes than they’ve been in a long while. The case for rate hikes is no longer some fringe tail risk like it felt it was a year ago as inflation numbers (though still high) appeared to be coming down. For most of last year, markets were operating u...

By Tyler Durden