Fed was already turning hawkish before Warsh took over

The hawkish shift at the US Federal Reserve was already underway before Kevin Warsh's ascension to the chairmanship. The pivot suggests the change in monetary policy direction predates and is broader than any single appointment. Warsh's arrival thus appears to reflect, rather than drive, the institution's changing stance.

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📈 Business Fed unlikely to hike interest rates this month despite Congressional testimony MarketWatch · 8d ago 📈 Business Japan tried balance-sheet tightening as Warsh proposed — results were mixed MarketWatch · 10d ago 📈 Business Odds of Fed rate hike in July near 50% after oil spike and hawkish signals Bloomberg · 12d ago

More on this topic

📈 Business Fed unlikely to hike interest rates this month despite Congressional testimony MarketWatch · 8d ago 📈 Business Japan tried balance-sheet tightening as Warsh proposed — results were mixed MarketWatch · 10d ago 📈 Business Odds of Fed rate hike in July near 50% after oil spike and hawkish signals Bloomberg · 12d ago