Governor Powell’s First Speech Doesn’t Sound ‘Quiet’
Federal Reserve Governor Powell, who vowed to be a "low-profile" Fed governor in support of Chairman Warsh, made sure everyone still heard him in his first speech after handing over the chairmanship.
Powell Hands Warsh a Dissent Surge, But Not Really a Divided Fed
What if I tell you the Fed officials actually disagreed more at times during the zero-against vote period than in the last meeting? This is what the FOMC minutes-based Hidden Dissent Index indicates.
Central bankers are pushing back against the ‘War? Sh!’ strategy — why look-through may...
Federal Reserve governor Chris Waller on Friday cast serious doubt on the textbook look-through strategy to handle the Iran War-induced inflationary pressure — or what we fashionably called the "War? Sh~" strategy. And he is not the only central banker who has expressed reservations.
Navarro gives Warsh the excuse to hike
Peter Navarro's Fox News op-ed this weekend is, on the surface, a warning about Powell's shadow power over Warsh's Fed. Read differently, it is a permission slip.
Trump to swear Warsh in as Fed chair on May 22
Kevin Warsh will officially take charge of the Federal Reserve on Friday as he will be sworn in as the next Fed chair at...
Warsh’s Forward Guidance Paradox
Let's get this straight: Warsh hates forward guidance. But if we look at the three dissent statements from the Reserve Bank Presidents who voted against the FOMC decision, we can see that forward guidance is not a thing that Fed officials will easily concede.
‘Sh!’ Powell to skip WAR during his spell in Warsh’s Fed
Powell announced his intention to stay at the Fed board after his term as chairman ends on May 15. The amount of time he will remain at his governor position, which will only expire in Jan 2028, is still to be determined, as Powell said it will depend on whether the legal attacks by the Donald Trump administration are "well and truly over with finality and transparency."
