Markets face heightened uncertainty as Jerome Powell’s term as Federal Reserve chair ends May 15, with Kevin Warsh expected to succeed him. Warsh’s historically hawkish stance, focus on reducing the Fed’s balance sheet, and rising inflation linked to ...

Jerome Powell chairs his last FOMC April 29, handing Kevin Warsh sticky inflation, oil shocks, and a split crypto market.

Warsh ‘sidestepped multiple gotchas on his independence from Trump’, but the world’s most important central bank still faces a political deadlock

The battle over who leads the U.S Federal Reserve is heating up. Kevin Warsh has just faced lawmakers in a closely watched confirmation hearing, defending his finances and pledging independence from political pressure.

If so, Warsh could become Fed Chair in May and Chair his first meeting of the Federal Open Market Committee on June 16-17. Warsh outlined in his confirmation hearing on April 21, that he plans “regime change” at the Fed with reduced emphasis on forward guidance,