Since being sworn in as US Federal Reserve chairman on May 22, Kevin Warsh has struck a distinctly hawkish tone. At his first press conference at the helm of the world’s most important central bank on June 17, Warsh made a solemn vow to curb inflation. He said members of the Fed’s interest rate-setting committee were “unambiguous and unanimous. This committee will deliver price stability”. Bond investors who questioned Warsh’s inflation-fighting credibility – given that he built his candidacy...
A former senior adviser for the Federal Reserve Board of Governors was sentenced to more than three years in prison for lying to federal investigators looking into whether he shared confidential data with Chinese intelligence operatives, the Justice Department said. John Harold Rogers, 64, was convicted at trial on February 3 of making false statements to investigators about sharing information on monetary policy, Washington US attorney Jeanine Pirro said in a statement on Wednesday after the...