Central bank keeps interest rates steady at 3.5-3.75 percent amid inflation concerns and global economic strain.
US Federal Reserve chair nominee Kevin Warsh’s policy vision – outlined during his Senate confirmation hearing – signals an extension of “America First” into monetary policy, Chinese analysts said. “Warsh’s policy proposals … mark a shift from acting as a ‘global central bank’ supplying unlimited liquidity worldwide to a new approach focused on tightly controlling the overall monetary spigot, prioritising domestic productivity and emphasising monetary sovereignty,” analysts at China...
Kevin Warsh's confirmation hearing shines spotlight on doubts over his independence as Trump pushes again for rate cuts.
Federal Reserve chief nominee Kevin Warsh called for “regime change” at the US central bank, including a new approach for controlling inflation and a communications overhaul that may discourage his colleagues from saying too much about the direction of monetary policy. Warsh’s comments during his confirmation hearing before the Senate Banking Committee left key questions about his nomination unresolved. Republican Senator Thom Tillis used his full time to explain why he would not vote for the...