New Fed Chair Kevin Warsh Faces Early Test Amid Bond Market Concerns
New Federal Reserve Chair Kevin Warsh is facing an early challenge as bond market worries emerge. His leadership, alongside Scott Bessent, is expected to set the direction for the Fed's monetary policy.
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Treasuries Gain With Bessent and Warsh Due to Set Direction
Treasuries gained at the start of a potentially pivotal week for the US bond market, with remarks from US Treasury Secretary Scott Bessent and Federal Reserve Chairman Kevin Warsh likely to determine where yields go next.
By Alice Gledhill
Read full article →First Thing: New Fed chair Kevin Warsh faces early test amid bond market worries
Key speech to be delivered this week at Jackson Hole said to focus on productivity and demographics in the US. Plus, how do you vaccinate 1,000 little penguins in the wild? Good morning. The new US Federal Reserve chair, Kevin Warsh, faces a critical test this week amid anxiety in government bond markets over inflation and Donald Trump’s tax and spending plans. As the world’s most powerful central bank prepares for its annual Jackson Hole conference, analysts said bond traders would be lookin...
By Martin Belam
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