Kevin Warsh

Warsh also emphasised the Fed’s autonomy in determining the proper policy course

The Maestro’s moves might not be suitable for today’s geoeconomic situation

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

In his first meeting as Fed Chair, Warsh says the central bank would deliver on price stability

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

Inflation is roaring back at the fastest pace in three years

Rate-hike expectations were reinforced after a hot May jobs report on Friday 

Inflation has been above the central bank’s 2% target for more than five years

The changes now afoot will take banks back towards the world of ‘scarce’ reserves prevailing before 2008