What bond investors should know about a Warsh-led Federal Reserve
The new chairman’s preferred inflation gauge is different from the one the US central bank currently uses
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KEVIN Warsh has been confirmed as the new chairman of the US Federal Reserve. Is there a risk that under Warsh, the Fed may be unduly influenced by the government, losing its independence?
What might this mean for bond investors?
Warsh has stated he is committed to the independence of the Federal Open Market Committee (FOMC). Under his leadership, the rate-setting body will, in operational terms, remain free from political interference.
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