The Most Dangerous Chair in the World
Kevin Warsh arrives at the Federal Reserve at the precise moment when the institution is losing the luxury of ambiguity. For more than a decade,...
Tag: Jerome Powell
A Divided Fed in a Fragmenting World
The Federal Reserve has chosen to do nothing. And in doing so, it has revealed everything. Rates were left unchanged, comfortably anchored in the 3.5%–3.75%...
The FED Becomes a Political Battlefield
The Federal Reserve was already trapped between inflation, oil shocks and a slowing economy. It now faces something more corrosive: political occupation by procedural means....
The Fed’s New Fear: Inflation Has Not Finished Its Work
At first glance, the Federal Reserve still looks suspended in familiar ambiguity: waiting, watching, refusing to move too quickly. But the minutes of its March...
Held Rates, Rising Risks
The bond market has stopped dreaming of rescue. A few weeks ago, investors were still clinging to the idea that the Federal Reserve would ride...
No Cuts, No Illusions: The Fed Rediscovers Inflation
There are moments when central banks guide markets. And there are moments when they remind them, quietly but firmly, who is still in charge. This...
The FED refuses to kneel
If markets were expecting docility, they misread the room. The minutes of the 27–28 January meeting of the Federal Reserve revealed a central bank far...
The Fed Pauses. Politics Looms
Jerome Powell has two formal opportunities left to move interest rates before the end of his term at the helm of the Federal Reserve. He...
When the White House Puts a Gun on Monetary Policy
As the Trump administration prepared to anoint the next chair of the US Federal Reserve, it chose instead to fire a warning shot at the...