President Trump threw a wrench in Kevin Warsh's plans
Digest more
With inflation spiking and Treasury yields surging, Warsh is likely to confront a Federal Open Market Committee in no mood to ease.
The Federal Reserve is yapping too much about the economy, according to Kevin Warsh, the US central bank’s incoming leader.
The Chosun Ilbo on MSN
Kevin Warsh sells Coupang shares amid Fed ethics compliance
Kevin Warsh, the U.S. Federal Reserve’s (Fed) incoming chair, has begun selling shares of Coupang Inc., the parent company of Coupang, where he previously served as a director. This move aligns with the Fed’s ethics regulations,
The Federal Reserve said that outgoing Chair Jerome Powell would remain as its acting leader until Kevin Warsh, who was confirmed to a four-year term by the Senate this week, could be sworn in.
The new Fed chair believes inflation is linked to money. That will serve him well.
By Howard Schneider WASHINGTON, May 15 (Reuters) - Incoming Federal Reserve chief Kevin Warsh's plans to shrink the U.S. central bank's "footprint" in financial markets could be constrained by rising federal debt and the potentially lost luster of U.