After his latest appearance set off a bout of volatility, Kevin M. Warsh, the chairman of the Federal Reserve, is under pressure to clear up mixed signals about his commitment to getting inflation down.
Category: Banking and Financial Institutions
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Warsh Wanted ‘Regime Change.’ Markets Are Demanding a Reset.
The New York Times – Business: -
A Currency Trader at Heart, Bessent Bets on Japan’s Yen
The New York Times – Business:Coordinated intervention allowed Japan to support its currency without selling off its U.S. debt holdings.
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Here’s Why the US Is Helping Prop Up the Japanese Yen
The New York Times – Business:The U.S. Treasury joined efforts in Tokyo to stem the yen’s slide against the dollar, highlighting the broader risks posed by turmoil in Japanese markets.
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The Fight Over the World’s Oldest Bank
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Companies Rush to Close Daring Deals Under Trump
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A key inflation measure eased in June during a pause in the war with Iran.
The New York Times – Business:Price pressures eased during a brief reprieve in the war with Iran, but the resumption of fighting suggests that inflation risks are still prevalent.
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Fed’s Preferred Inflation Gauge Eased During Pause in Iran War
The New York Times – Business:Price pressures eased during a brief reprieve in the war with Iran, but the resumption of fighting suggests that inflation risks are still prevalent.
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Warsh’s Performance Falls Flat With Markets as Fed Holds Rates Steady
The New York Times – Business:Kevin M. Warsh has made taming inflation the top priority of his tenure as Federal Reserve chairman. But his hesitancy to embrace the possibility of higher borrowing costs has sparked a backlash.
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Government Borrowing Cost Hits Two-Decade High After Fed Rate Decision
The New York Times – Business:The surge in Treasury yields suggests investors doubt that the Federal Reserve can keep inflation contained.
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Fed Holds Rates Steady but Three Officials Back Increase
The New York Times – Business:Kevin M. Warsh’s second meeting as chairman of the Federal Reserve was colored by internal divisions over the path forward for policy.
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4 Takeaways From the Federal Reserve Meeting
The New York Times – Business:Fed officials held interest rates steady, but they have splintered over how to fight inflation.
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What to watch at the meeting.
The New York Times – Business:Kevin M. Warsh, presiding over his second meeting as chairman of the central bank, faces pressure to raise interest rates as inflation remains elevated.