America Discovers the Cost of War
For nearly two decades, the United States lived under a comforting illusion. Inflation belonged to history books, energy shocks belonged to the 1970s, and supply...
Tag: Kevin Warsh
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,...
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 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...
When the Fed Loses the Plot
Investor certainty over a December rate cut, a confidence the Federal Reserve had itself so carefully stage-managed, has evaporated with theatrical brutality. US Treasuries endured...
Trump Eyes Powell’s Replacement, But Powell Might Outstay the Drama
As Donald Trump and his advisers begin circling for a new Federal Reserve chair, they face an awkward little detail: Jerome Powell might not be...
Trump’s Fed Takeover: A Recipe for Chaos
President-elect Donald Trump’s advisers are busy scheming how to reshape the Federal Reserve’s leadership, reportedly eyeing Fed Governor Michelle Bowman for the vice-chair role overseeing...