independence of judgementHow Warsh demonstrated the Fed’s independence from TrumpThe central bank has unanimously decided to raise interest rates for the first time in three years, and this could happen again before 2027. Surprisingly, the stock market appears to be reacting positivelybyStefano Cingolani17 SEP 26
The HawkTrump’s Fed appointee signals a rate rise and challenges Bessent on TreasuriesOn the 65 months of high inflation, he takes the blame on behalf of the Fed. And regarding US government bonds, he calls for them to reflect what investors think about inflation and public finances, without ad hoc interventions byDavide Mattone29 AUG 26
The problemRaise interest rates? Warsh tries to buy time, the Fed is dividedThe new chair of the US Federal Reserve would like to raise interest rates to combat inflation. But he also wants to avoid snubbing President Trump, who has just appointed him. His concern is understandablebyLorenzo Bini Smaghi1 AUG 26