New Fed Chair Kevin Warsh Keeps Interest Rates Steady
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Kevin Warsh is officially chair of the Federal Reserve after a swearing in at the White House. What to expect from the central bank's new leader.
The market is nearly unanimous that the Fed will hold rates steady. But Warsh could move the market depending on what he says about rates.
Tom Barkin, who’s led the Federal Reserve Bank’s Fifth District since 2018, this week will attend his first interest-rate meeting with Kevin Warsh at the helm of the powerful central bank.
The bond market wants Fed chair Kevin Warsh to rein in inflation by increasing benchmark interest rates at the central bank.
Kevin Warsh will hold his first policy meeting next week with inflation at a three-year high and a president who expects lower borrowing costs.
