Warsh Set for White House Swearing-In as 17th Fed Chair Amid Hike Bets
Kevin Warsh is set to be sworn in at a White House ceremony on Friday as the 17th chair of the Federal Reserve, a move that would formalize the leadership change from Jerome Powell flagged a day earlier. Warsh has promised the biggest shakeup in decades at the US central bank, and NEC Director Kevin Hassett said ahead of the event that he wanted to restore the Fed’s independence by returning it to its roots.
The handover is also sharpening debate over the rate outlook. While earlier commentary had pointed to a no-hike, no-cut outcome, some investors now say the Fed’s next move could be a rate hike rather than the cut Warsh was hired to deliver. Commentary around the transition has highlighted Warsh’s more hawkish record, the departure of Stephen Miran, described as the board’s most dovish voice, and recent FOMC minutes showing more policymakers open to raising rates if inflation stays elevated.
From the sources (17 posts)
@cryptorover🇺🇸 Tomorrow Trump swears in Kevin Warsh as Fed Chair at the White House. Warsh is the most crypto-friendly Fed Chair EVER!
@laurashinPowell Is Out, Warsh Is In: What It Means for Crypto
@laurashinOn whether Kevin Warsh can lower rates: "The number one thing to look at is to see what Trump says. He's one vote, and the others won't vote with him. And two, Trump can't bash the person he chose so soon after choosing him. But I think th
@laurashin"Even if the Strait of Hormuz reopens tomorrow, inflation is not going away anytime soon. It was building well before the crisis started" Noelle on why the inflation problem is deeper than energy prices "Oil prices do affect everything, b
@laurashin"I've been saying no cuts for a long time. Now there's a consensus for a hike. I think that's going too far in the other direction" Noelle on why the market has overcorrected and why no hikes and no cuts is the only outcome that makes sens
@reutersTrump will swear in Warsh on Friday to lead US Federal Reserve
@cointelegraph🇺🇸 BIG: President Trump will swear in Kevin Warsh as the new Federal Reserve Chair at the White House at 11AM on Friday, succeeding Jerome Powell for a four-year term.
@bulltheoryioBREAKING: President Trump will swear in Kevin Warsh as the new Federal Reserve Chair today. Warsh officially takes office at 11:00 AM, replacing Jerome Powell.
@wsjKevin Warsh is to be sworn in as Fed chair on Friday, and some investors say the central bank’s next move could be a rate hike—not the cut he was hired to deliver
@cointelegraph🇺🇸 TODAY: Kevin Warsh is set to be sworn in as the new Federal Reserve Chair.
@tftc21Stephen Miran was the most dovish voice on the Fed Board. When the FOMC voted for 25 basis point cuts at three consecutive meetings last fall, Miran dissented all three times in favor of 50 basis point cuts. He is now gone, and Kevin Warsh
@nypostHow Kevin Warsh will navigate his tricky new position as Fed chairman under Trump
@businessKevin Warsh, who’s promised the biggest shakeup in decades at the US central bank, is set to be sworn into office in a White House ceremony as the 17th chair of the Federal Reserve
@financialjuiceWH Sr. Adviser Hassett: Warsh will return the Fed to its roots.
@firstsquawkHASSETT SAYS WARSH WILL BRING BACK FEDERAL RESERVE INDEPENDENCE.
@zerohedge*HASSETT: WARSH WILL RETURN FED TO ITS ROOTS *HASSETT: TRUMP TRUSTS THAT WARSH WILL BE DATA DEPENDENT
@rapidresponse47NEC Director Kevin Hassett praises Kevin Warsh ahead of his swearing-in today: "I think that he wants to restore that independence by returning to its roots... I think that Kevin's going to do a great job. He's going to really turn that ins