US Federal Reserve

THE BOTTOM LINE

Kevin Warsh as Federal Reserve chair: A high-risk appointment

In a different context, he would merit serious consideration – but his current alignment with Trump on interest rates raises alarm

Separately, Bessent says that he expects US$100 billion to US$150 billion of tax refunds in the first quarter of next year.

Bessent sees one or two more Fed chair interviews this week

Trump is slated to interview the central bank governor Chris Waller on Dec 17 for the chair job

When it comes to the outlook for 2026, the “known unknowns" far outnumber what is known, says the writer.
THINKING ALOUD

Investors must reckon with unknowns

Take the market outlooks with a pinch of salt and watch for true surprises

The Fed’s updated economic projections reveal an increasingly optimistic view of growth paired with continued concern about inflation.

US Fed faces dual-mandate challenge amid a divided path forward

No clear policy prescription exists as policymakers balance sticky inflation against labour market risks

The European Central Bank (ECB) is set to present higher growth forecasts that may cement the tentative rate hold officials have enforced since May.

Rich world’s rate-cut momentum is fading away

Central bankers are stepping back to assess how their progress so far is impacting growth and inflation

Trump expects the next chair of the central bank to consult with him on interest rates.

Trump names Kevin Warsh, Kevin Hassett as top Fed contenders: WSJ

The US president has moved to assert control over the central bank in his second term

The Chicago and Kansas City Fed presidents will rotate off the Fed’s voting panel in 2026.

Fed officials split over risks to US economy going into 2026

The Fed cut its benchmark rate by a quarter percentage point for a third consecutive meeting in response to rising unemployment

On Wednesday, the US Federal Reserve cut interest rates by 0.25 per cent, and projected one more quarter-point cut in 2026.

Silver surges, the won sinks and markets recalculate

What does the Fed’s new “neutral rate” mean for Asia? Plus, silver’s boom, Korea’s rally, and Nvidia’s China chip deal.

Fed chairman Jerome Powell, who will step down in May next year after overseeing three more meetings, has confirmed that the Fed is leaning towards a pause.
NEWS ANALYSIS

More dissenters could signal increased resistance to future Fed rate cuts

Investors should be positioned for the Fed to continue easing at least once more in 2026, say analysts

The US Federal Reserve met expectations and cut interest rates by 25 basis points overnight.

Short-term market rally likely after Fed rate cut, but analysts say 2026 will hinge on fundamentals

Asia markets end mixed as the STI and KLCI gain, while Hang Seng, Nikkei and Kospi retreat