Trying to pin down Kevin Warsh as a hawk or a dove has been tricky with his statements and actions puzzling Wall Street. As President Donald Trump’s hand-picked Federal Reserve chairman, Warsh was expected to lean toward looser monetary policy. Then he declared that inflation was a “choice,” suggesting a tougher approach. Over the summer,
The most important number in the economy has hit its highest level since 2007, and Wall Street can’t decide if this is good or bad. That number is the 10-year Treasury yield, the interest rate that the U.S. government pays to borrow money for a decade and on which almost every other loan in the
Markets and analysts are abuzz over the first Fed interest-rate hike since the second Trump administration. On Wednesday, the Federal Reserve raised rates by a quarter point, its first hike in three years, as officials sought to curb inflation. Kevin Warsh, the Federal Reserve Chair, said that the move would not immediately bring down individual
Stocks slid Wednesday afternoon after Federal Reserve Chair Kevin Warsh followed the central bank’s first rate hike in three years with a press conference that hinted it wouldn’t be the last. The S&P 500 dropped 1%, heading toward its lowest close since July. The Dow Jones Industrial Average fell 1.7%, or more than 700 points,
The Federal Reserve raised its benchmark rate by 25 basis points on Wednesday, increasing the benchmark federal funds rate to a range of 3.75% to 4%. It was the first increase since 2023 and the first thing Kevin Warsh has done to interest rates since President Donald Trump handed him the chair role. The vote
The Federal Reserve’s hiking cycle suddenly looks alive again. Wall Street was already growing nervous. Oil had pushed back above $100, bond yields were surging, the AI capital-expenditure boom continued to add pressure to credit markets, and Thursday’s producer-price report—which feeds into the Fed’s preferred inflation gauge—came in surprisingly hot. But Chair Kevin Warsh’s ambiguity
