The Business Times
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Rob Curran

emailbtnews@sph.com.sg
Warsh's short policy statement indicates the central bank will be more tight-lipped than what markets are used to.
NEWS ANALYSIS

New Fed chief Kevin Warsh a hawk in dove’s clothing?

Warsh sounds more hawkish than his predecessor Jerome Powell, emphasising the importance of ‘price stability’

Fed chief Kevin Warsh, who took over from Jerome Powell last month, is in a tricky position.
NEWS ANALYSIS

New Fed chief Warsh faces bumpy road as he leads tough first rate meeting

The US central bank is unlikely to cut rates this week, but all eyes are on the direction the new chair will take at his post-decision press conference

A trader works on the floor of the New York Stock Exchange. Tech giant Nvidia is on pace to become the world's first US$6 trillion company soon.
NEWS ANALYSIS

‘Market has jumped the shark’: Sizzling chip stocks rally showing signs of patterns seen in 2000

The euphoric growth expectations have not yet been justified by the earnings

Fed chair Jerome Powell leaves behind a solid but turbulent US economy with a stagnant jobs market, rising inflation and a board that is split.
NEWS ANALYSIS

As Fed holds rates steady, there are divisions over what the next moves will be

Outgoing chief Powell wants to stay on as a governor mainly as a guard dog for the central bank’s continued independence

A TV station broadcasting Fed chair Jerome Powell at a press conference; he is expected to keep rates unchanged at 3.5% to 3.75% this week.
NEWS ANALYSIS

End of an era – Fed’s Powell set to oversee final policy meeting by keeping rates steady

His successor Kevin Warsh is viewed as more responsive to the Trump administration

Jerome Powell, whose last meeting as Fed chair comes at the end of April, sounded weary as he delineated the shocks that he has steered the US central bank through.
NEWS ANALYSIS

Fed will wait out war, monitor oil shock impact before acting on interest rates

The US central bank hinted that it may not cut rates until the fog from the Iran war has cleared

Oil has been hovering around US$100 a barrel after surging 35% in a week following the Feb 28 US-Israeli strikes on Iran.
NEWS ANALYSIS

Stuck between inflationary and deflationary forces, Fed almost certain to keep rates unchanged

Officials warn any rate-cut plans will be shelved until the aftershocks of the Iran war become clear

The strength of the US dollar and the weakness of the Treasury market on the day Kevin Warsh’s nomination was announced suggest that markets anticipate him to continue holding the current Fed chair's line on rates.
NEWS ANALYSIS

Disappointment for some, relief for others as markets ponder Warsh’s nomination as next Fed chief

In some quarters, he is seen as a ‘credible choice’, who may hold his own against President Trump’s demand for rate cuts

US Federal Reserve chairman Jerome Powell has painted a picture of an economy that did not require any further rate cuts for the foreseeable future.
NEWS ANALYSIS

Powell defends independence of Federal Reserve

It will maintain trust in central banks that monetary policy will not be abused for short-term gains that might win elections

Fed chair Jerome Powell has earned a reputation as an unlikely champion of the old order's resistance to President Donald Trump's expansion of his presidential powers.
NEWS ANALYSIS

Fed’s first meeting of 2026 likely to be dominated by threats to central bank’s independence

The benchmark rate is likely to stay put at between 3.5 and 3.75%

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