Bank balance sheets lack capacity to intermediate the surging amount of trading in the US government bonds
The presumptive next chair might be better than others on the list, but he is a confusing, perhaps confused, figure
What Warsh’s central bank may look like
Banking committee Democrats threaten to delay appointment until justice department halts probes into Powell and Cook
Who is Kevin Warsh? And how would he run the US central bank?
Plausible predictions have vastly different outcomes. Also in this newsletter, US trade balances move back to normality
What comes after data dependence?
We read a bajillion pages of transcripts so you don’t have to (unless you really want to, of course)
Persistent inflation may make it harder for Trump’s choice of Fed chair to cut rates
US President Donald Trump’s pick to head up the central bank has called for a sweeping overhaul of the institution
Donald Trump’s pick has called for a sweeping overhaul
Inside the turbulent contest for the most important job in global finance
Long-term yields ticked up after president nominated former governor to lead US central bank
Platinum also plummets as Trump picks Warsh as next Fed chair
President announces former Fed governor as his nominee to succeed Jay Powell
We await further indications of what Kevin Warsh will do when he takes over at the Fed in June
Kevin Warsh brings experience but must demonstrate his credibility to markets
President’s decision on successor to Jay Powell comes at pivotal moment for world’s most important central bank
High stakes; hot takes; no breaks
Trump’s pick will take the reins of the world’s top central bank during one of the most consequential periods in its history
The ascent of Druckonomics
The implications of Trump’s choice for markets and economies
The economist is seen as an independent voice, raising the chances of future tussles with Donald Trump
Trump’s choice of chair will shift from Powell’s data-dependent approach to policy
US president says he will announce nominee to replace Jay Powell on Friday morning
