Kevin Warsh sworn in
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New Fed Chair Kevin Warsh suggests he may take an Alan Greenspan-style approach at the central bank
Newly sworn-in Federal Reserve Chair Kevin Warsh harkened back to former Fed Chair Alan Greenspan, the last chair to be sworn in at the White House, and implied that he is setting himself up in Greenspan's mold.
Warsh could guide to a smaller role in day-to-day markets, while also setting clearer rules for how and when it should intervene.
National Economic Council Director Kevin Hassett argued on FNC's "Sunday Morning Futures" that any Iran deal reopening the Strait of Hormuz could quickly bring oil and gas prices down, and said he welcomes Kevin Warsh as a “seasoned hand” to give the Fed room to cut rates.
The economic backdrop that Kevin M. Warsh inherits as chair of the Federal Reserve does not call for the interest rate cuts that President Trump wants.
Retail traders on Stocktwits had expected a stronger Bitcoin rally due to new Federal Reserve Chair Kevin Warsh’s reputation as a ‘pro-crypto’ policymaker.