The three dissents in the 9-3 vote, though, came from regional presidents— Neel Kashkari, Lorie Logan and Beth Hammack—and not from the Board of Governors. … READ MORE >
Kevin Warsh
Parsimony is a feature, not a bug, at the new Fed
The major change in the Fed’s approach has been the partial removal of forward guidance. The result is rising uncertainty and volatility in the 2-year Treasury. … READ MORE >
Market Minute: What does the Dallas Fed trimmed mean tell us about inflation?
Investors will be looking at alternative measures like the Dallas Fed PCE trimmed mean, one of Fed Chair Kevin Warsh’s preferred inflation metrics. … READ MORE >
Market Minute: Warsh will face a searing credibility test
How will the new Fed chair balance his stated receptiveness to rate cuts with the recent rise in inflation? … READ MORE >
Fed holds rates steady as debate intensifies
The Federal Open Market Committee maintained its policy rate between 3.5% and 3.75% on Wednesday amid vigorous debate. … READ MORE >
Market Minute: FOMC preview and Powell’s big decision
We expect the Federal Reserve to keep its federal funds policy rate in a range between 3.5% and 3.75% on Wednesday. … READ MORE >
Is Kevin Warsh a man for all seasons, or a chameleon?
RSM Chief Economist Joe Brusuelas offered his thoughts on the nomination of Kevin Warsh to become the next Federal Reserve chair. … READ MORE >