PETER NAVARRO: Powell’s shadow Fed majority could threaten jobs, housing and growth
New Federal Reserve Chair Kevin Warsh may be boxed in as outgoing Chair Jerome Powell refuses to leave the Board of Governors, breaking with modern custom.
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New Federal Reserve Chair Kevin Warsh may be boxed in as outgoing Chair Jerome Powell refuses to leave the Board of Governors, breaking with modern custom.
Warsh could guide to a smaller role in day-to-day markets, while also setting clearer rules for how and when it should intervene.
Federal Reserve officials’ concerns about inflation being stoked by the Iran war intensified last month.
The Fed can't wait until its June meeting to address surging bond yields. Strategists say Fed officials should turn hawkish now to calm markets.
The 30-year Treasury yield jumped on Tuesday on new fears about the rise of inflation. Some believe the Fed's next move will be a rate hike.
The bond market is signaling that rates need to go higher as inflation creeps back up. Ed Yardeni said the July Fed meeting could deliver a hike.