Trump Federal Reserve chair nomination
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Jackson Hole analyst roundup: Warsh speech and Fed hike outlook
Gold fell and Asian stocks declined on Monday following Warsh's speech.
UOB said Warsh's emphasis on inflation risks reinforces elevated risks of policy tightening this year.
Matthew J. Maley of Miller Tabak said there remains no empirical basis for the rate hike.
S&P 500 futures flat ahead of Warsh's Jackson Hole address
Bets among fed funds futures traders that the Fed will raise interest rates in September increased to 57.5% on Friday, per CME Group's FedWatch tool.
The S&P 500 lost 0.25% and closed at 7,711.76.
Warsh said that while the summer's PCE and CPI readings were better than expected, they do not tell him that underlying trends have meaningfully improved.
Economists want Warsh to share economic views at Jackson Hole
The CNBC survey forecasts the 10-year yield to remain between 4.60 and 4.70 through the end of next year.
Chairman Warsh is scheduled to deliver his first keynote speech at the Fed's annual conference in Jackson Hole on Friday.
Since taking office, Warsh has declined to offer much on his views of the economy or policy outlook.
“The Administration's efforts to bring down long-term interest rates are spitting into the wind created by the Iran War, massive budget deficits, and confusion over how the Fed will manage monetary policy.”
Syrian Democratic Forces announce dissolution
The dissolution of the Syrian Democratic Forces is part of an agreement with Syria's interim government.
The Syrian Democratic Forces led the fight against ISIL.
The agreement with Syria's interim government aims to integrate militia groups into the country's official armed forces.
New Fed chair faces critical test at Jackson Hole
The yield on long-term US Treasury debt has risen back towards its highest levels since 2007.
The Jackson Hole gathering takes place in Grand Teton national park.
Markets anticipate at least one and possibly two quarter-point interest rate increases by mid-2027.
“He might even stick to the official subject of the symposium, ‘Financial Innovation: Implications for Payments and Policy’, in which case his speech could be something of a snoozefest.”
Warsh faces Fed independence test as Bessent moves in on central bank's turf
Warsh wants the Fed to reduce its overall holdings and shift them toward short-term debt, which would likely push up yields on longer-term Treasuries.
Warsh proposed in 2025 to update the 1951 Treasury-Fed Accord to give the Treasury more authority over major adjustments to the Fed's balance sheet.
Warsh said at his Senate confirmation hearing in April that Fed independence is at its peak in the conduct of monetary policy.
“Part of it is signaling here and to show that we believe that the yields don't reflect the underlying fundamentals,”
Kevin Warsh reshapes Federal Reserve operations
Warsh built AI bots named "Milton" and "Tobin" that ingested the collected works of Milton Friedman and James Tobin.
Warsh is trying to rewire the Fed to take greater advantage of AI to understand the economy in real time.
The Federal Reserve is a 112-year-old central bank with a $6.7 trillion balance sheet.
Kevin Warsh names members of Federal Reserve task forces
Doug McMillon is the former CEO of Walmart.
The panels will operate independently with a mandate to follow the evidence, provide candid feedback, and produce rigorous findings to be reported to the Federal Open Market Committee.
Marc Andreessen was named to the U.S. Defense Policy Board in late June.
“start with first principles; ask hard questions; examine current practice; consider alternatives; and, ultimately, propose next steps for policymaker consideration.”