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.
We Just Love to Hate Trimmed-mean Inflation—Canada’s Cautionary Tale About Introducing New Core Measures
Trimmed-mean inflation measure and its sibling median inflation gauge have both gotten unprecedented attention in recent months, owing to new Fed chairman Warsh's endorsement. But if they are so good, why wait for some Task Forces to evaluate it? Actually Canada can provide some experiences.
Taking One Last Beth Before the Fed Blackout Period
Beth Hammack, president of the Cleveland Fed, posted on LinkedIn hours after the jobs report that "today's jobs report reaffirms that the labor market appears to be roughly in balance" and that she "believe[s] persistently high inflation is the bigger concern." If recent inflationary trends continue, "it may soon be appropriate to act," she concluded.
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 first FOMC meeting—a hawkish path that makes Powell the (scape)GOAT
On top of the Fed's official objectives — "maximum employment" and "2% inflation" — now sits a third: that economic growth needn't be answered with rate hikes, and perhaps even that a strong economy can still warrant rate cuts. How should Warsh handles that?
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.
‘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."
