Investment strategists weigh in on President Donald Trump’s nomination of Kevin Warsh as chair of the Federal Reserve. Plus, investment newsletter commentary on Taiwan’s GDP, tech stocks, and population growth.
4 minute read
Several portfolio managers reached Friday said they viewed Warsh as unlikely to cater to Trump’s whims or dramatically alter the Fed’ stance.
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Kevin Warsh’s path to the central bank’s top job requires more than a Senate nod. He must first untangle himself from board seats at UPS and Coupang.
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Kevin Warsh, President Donald Trump’s nominee for chair of the Federal Reserve, may find it challenging to persuade other voting members of the Fed to cut rates.
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Kevin Warsh is President Trump’s nominee for the next chair of the Federal Reserve, Trump says in a social-media post.
Long Read
Under ordinary circumstances, President Donald Trump’s choice of Kevin Warsh to lead the Federal Reserve likely would fly through the Senate confirmation process.
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The prices of gold and silver sink Friday as markets react to President Donald Trump picking Kevin Warsh as his nominee for Fed chair.
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Cryptocurrencies have been battered in recent weeks
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The markets in the hands of Big Tech once again. That’s worrisome, given the concerns around the AI bubble and circular spending that has consumed investors in recent months.
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Kevin Warsh is among the top three contenders for the next chair. He spoke with Barron’s about rates, inflation, Powell, and more.
Long Read
Trump picks Warsh to lead the Fed, senators reach a deal to avert government shutdown, Apple’s earnings beat expectations, and more news to start your day.
Long Read
Donald Trump wants lower rates. Markets aren’t sure he’ll get them.
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Policymakers say they want price stability but pursue all the wrong fixes, Mickey D. Levy and Michael D. Bordo write in a guest commentary.
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Some 68% of gold’s price movement over the past year is explained by U.S. policy shifts.
Long Read
After a busy day for markets, Donald Trump said he would announce his Fed chair pick on Friday morning.
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The president apparently moved up his timing after saying the pick would come next week.
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Federal Reserve Chair Jerome Powell painted an upbeat picture of the economy at his latest press conference, suggesting the Fed could take its time in cutting interest rates.
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The price of Bitcoin and gold are moving in opposite directions.
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Additional inflation, triggered by a continued slide in the currency, could prevent the bank from cutting rates, as Trump wants it to.
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There is no particular deadline by which the president must nominate a new chair to replace Jerome Powell at the Federal Reserve.
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If foreign investors really start to dump U.S. assets, this number could be the reason.
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Fed Chair Powell is confident on the economy, Meta’s AI spending is set to spike, Tesla’s future is all about artificial intelligence, and more news to start your day.
Long Read
Markets have thrived despite unprecedented changes from the U.S. It may not last.
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Options market activity shows traders are betting heavily on a weaker dollar.
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‘A weak dollar makes you a hell of a lot more money,’ the president says.
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