Political Spotlight Shines on Warsh for His 1st Fed Meeting
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Kevin Warsh moves closer to replacing Jerome Powell as Fed chair after the Senate Banking Committee voted to advance his nomination to the full Senate.
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 president said Wednesday he is happy with inflation at 4.2%. That will be welcome news for new Fed Chair Kevin Warsh.
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.
