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Fed chair Warsh sidesteps Senate questions on inflation, AI, contact with Trump

Federal Reserve Chair Kevin Warsh on Wednesday sought to evade a range of questions from senators on issues such as the impact of AI on inflation, what contacts he has had with President Donald Trump, and how the central bank will determine the persistence of inflation

Elizabeth Warren blasts Kevin Warsh, saying he ‘seems to invite corruption’

Elizabeth Warren blasts Kevin Warsh, saying he ‘seems to invite corruption’

Fed Chairman Warsh questioned about independence from Trump

Federal Reserve Chairman Kevin Warsh said the Fed will continue to set interest rates without considering politics during his first congressional testimony on Tuesday. Democratic Rep. Nydia Velázquez of New York asked the new Fed leader if he works for Trump, to which he responded: “We’re an independent central bank.” He reiterated that view in an exchange with Democratic Rep. Gregory Meeks of New York, who pressed Warsh on how he would respond if Trump “publicly pressures you to pursue a different course” than that warranted by economic data.

Some questions that may come up during Fed chief Warsh's testimony to Congress

Federal Reserve Chairman Kevin Warsh heads to Capitol Hill on Tuesday to deliver his first congressional testimony since taking over as head of the U.S. central

Takeaways from Fed Chairman Kevin Warsh’s first congressional testimony

Takeaways from Fed Chairman Kevin Warsh’s first congressional testimony

Fed's 'ample reserves' approach is a focus of Warsh's balance sheet review

The way the Federal Reserve has conducted U.S. interest rate policy for almost two decades is up for review by one of the task forces

Fed's Warsh: Committed to both inflation and employment mandates

Federal Reserve Chairman Kevin Warsh on Tuesday said he is just as committed to the Fed's employment mandate as he is to the inflation mandate that he has repeatedly emphasized

Fed chief Warsh vows to 'do my job' if challenged by Trump

U.S.

Warsh says Fed has 'no tolerance' for high inflation but provides no hints on next move

Federal Reserve Chair Kevin Warsh pledged to make high inflation “a thing of the past” in his first congressional testimony Tuesday, yet provided no signal about the central bank’s next steps

Fed in the spotlight as Warsh faces Congress

A look at the day ahead in European and global markets from Gregor Stuart Hunter Asian markets are crumbling and Brent Crude is bubbling around $85 per barrel as U.S.

Warsh task force members get an A at the outset, but results will need broad buy-in

At a moment of political polarization and a White House distancing itself from "globalization," Federal Reserve Chairman Kevin Warsh's choice of

Andreessen, Chetty among leaders of Fed's new task forces evaluating operations

Venture capitalist Marc Andreessen, economist Raj Chetty and former Bank of England governor Mervyn King are among a slate of names released by the Federal Reserve Thursday that will help develop recommended changes to the central bank’s operations

Fed Chairman Warsh names members of monetary policy task forces

Fed Chairman Warsh names members of monetary policy task forces

Fed's Perli reiterates flexible path of reserve management buying

By Michael S.

Fed's Warsh taps broad group of Fed outsiders to oversee review

Federal Reserve Chairman Kevin Warsh tapped a broad and intellectually diverse group of economists and former central bankers to

Fed policymakers' inflation concerns grew at June meeting, minutes show

Concern about high inflation mounted at the U.S. central bank's meeting last month, as officials followed Federal Reserve Chairman Kevin Warsh's lead

Fed minutes: Officials deeply divided over future path of US inflation

The Federal Reserve's rate-setting committee agreed to keep its key rate unchanged at its meeting last month, though most officials were split over whether inflation is likely to stay elevated or whether it will cool once the Iran war winds down, according to minutes released Wednesday

Fed minutes due as analysts debate whether Warsh will curtail them

A critical readout on Wednesday of the first Federal Reserve policy meeting overseen by Chairman Kevin Warsh may offer greater insight into the "family fight" the new central bank

Warsh and peace

The data releases are thinning out, earnings season hasn't kicked off yet and there are no big rate decisions looming, but a high-stakes NATO meeting, a glimpse into Kevin Warsh's

Fed's Warsh says any balance sheet policy change won't be a surprise

Federal Reserve Chairman Kevin Warsh said on Wednesday that while he has not changed his mind that a large central bank balance sheet should be shrunk, any notable change in policy

Fed's Warsh vows to 'disappoint' anyone who thinks he will tolerate inflation above 2%

Federal Reserve Chair Warsh emphasizes political independence, signals focus on inflation

New Federal Reserve Chair Kevin Warsh said Wednesday that the central bank would remain independent and seek to bring down inflation, likely foreclosing the rate cuts President Trump has sought

Fed's Warsh says some task force staffing to be revealed next week

By Michael S.

Fed's Warsh plans to harness better economic data within a year

Federal Reserve Chairman Kevin Warsh set an ambitious timeline on Wednesday for the U.S. central bank to "

Kevin Warsh’s reform-focused approach is already winning support on the global stage

Kevin Warsh’s reform-focused approach is already winning support on the global stage

Fed's Hammack tells CNBC rate hikes may be needed to quell high inflation

Federal Reserve Bank of Cleveland President Beth Hammack said on Tuesday it remains possible that she’ll advocate for higher interest rates if inflation pressures don’t moderate.

Cook ruling, ECB conference likely to further frame Fed chief Warsh's early tenure

Federal Reserve Chairman Kevin Warsh's early leadership of the U.S. central bank faces a fresh test this week, with an appearance before a high-

Fed Chair Warsh taps veteran staff economists as advisers, WSJ reports

U.S.

Fed to hold rates this year, economists say, defying market bets for hikes: Reuters poll

The U.S.

Selection process for Atlanta Fed president reset after Warsh became chairman, CNBC reports

The search process for the next president of the Federal Reserve Bank of Atlanta was reset when Kevin Warsh took over as the chairman of the U.S. central bank,

Fed Chair Warsh to testify before lawmakers on July 14

Federal Reserve Chairman Kevin Warsh will deliver his first testimony on monetary policy before Congress on July 14, at 10 a.m.

Greenspan playbook to get a replay under Warsh

Some of the late former U.S.

BofA, Deutsche Bank expect Fed to raise rates in September

BofA Global Research and Deutsche Bank expect the U.S.

Warsh's gamble: A quieter Federal Reserve could mean volatile markets, higher rates

The Federal Reserve has for decades moved steadily from a remote, opaque government agency that shared little about what it did or why to a more transparent institution willing to explain how it makes decisions and what it thinks about the economy

Warsh brings a skinny Fed approach to a complex, information-hungry world

U.S.

Investors brace for less predictable Fed as Warsh rewrites playbook 

The Kevin Warsh era at the Federal Reserve began with a jolt on Wall Street, with investors bracing for sharp moves as the central

Citi delays outlook for Fed-cut timeline; data, speeches in focus after Warsh policy reform

Citigroup has pushed back its expectation for the U.S.

Warsh debut raises rate-hike stakes

(Corrects to delete extraneous words from paragraph 2) A look at the day ahead in European and global markets from Ankur Banerjee Federal Reserve Chairman Kevin Warsh seized the stage in his debut

Warsh Fed holds rates steady. Trump says 'It's all right. Whatever.'

President Donald Trump on Wednesday expressed confidence in Federal Reserve Chairman Kevin Warsh after the new central bank chief concluded his first rate-setting meeting with a

Federal Reserve policymakers show support for rate hikes as Warsh reins in guidance

The Federal Reserve kept its key rate unchanged Wednesday yet nearly half the central bank’s policymakers said they could support a rate hike later this year, an unexpectedly aggressive outcome that would disappoint President Trump and suggests heightened concerns about persistent inflation

Fed's Warsh flags new tasks forces to study Fed operations

By Michael S.

Stocks drop, bond yields rise; Fed keeps rates steady but projects hike for later this year

Major stock indexes fell, bond yields rose and the U.S. dollar extended gains on Wednesday after the Federal Reserve held the benchmark interest

Wall Street sinks on bets Fed will hike rates this year

The S&P 500 and Nasdaq closed down by more than 1% on Wednesday, as traders bet that the Federal Reserve's next move would be a rate hike after

Warsh promises a new vision for the Fed, as his colleagues eye a rate hike instead of a cut

Warsh promises a new vision for the Fed, as his colleagues eye a rate hike instead of a cut

Treasury yields rise after Warsh's debut meeting brings hawkish shift

Short-term Treasury yields rose to the highest in 16 months on Wednesday after investors took a string of strong economic data, a U.S.

US stocks open higher, spotlight on Fed

The main U.S. stock indexes opened higher on Wednesday, as chip stocks rebounded ahead of the first interest rate decision under new Federal Reserve Chair Kevin Warsh.

Warsh-led Fed expected to leave interest rates unchanged

The Federal Reserve is expected to hold interest rates steady on Wednesday at the end of the first meeting chaired by Kevin Warsh, with a new policy

All eyes on how Warsh walks the line

A look at the day ahead in European and global markets from Tom Westbrook Kevin Warsh wraps up his first Federal Open Market Committee meeting with tumbling oil prices and a tentative peace offering a

As chair, Warsh finally has a chance to put stamp on Fed balance sheet

By Michael S.