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
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.
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
CDL, Hong Realty outbid 3 other bidders with S$542.4 million offer at S$1,865 psf ppr for Peck Hay plot
Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein
Evergrande’s liquidation prompts some PwC partners to shield assets, contemplate divorce