Goodbye Powell, Hello Warsh: A new face at the Fed
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Goodbye Powell, Hello Warsh: A new face at the Fed
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Following months of speculation, former Fed governor Kevin Warsh has been named as the next chair of the FOMC - how could his appointment impact US rates, Fed autonomy and the dollar? Meanwhile, the massive supermajority victory for Japan’s PM Sanae Takaichi at the weekend’s election has triggered a sharp rebound in the yen - what has instigated the move?
We also discuss the implications of the strong January nonfarm payrolls report. What does the data mean for the US labour market and the path of US rates?
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