In a high-profile speech, Kevin M. Warsh said that the Federal Reserve was chiefly responsible for taming inflation. If price increases did not return to the central bank’s target quickly, “we have work to do,” he said.
Category: Government Bonds
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Fed Chairman Seeks to Calm Concerns About Elevated Inflation
The New York Times – Business: -
Wall Street Loved Scott Bessent and Kevin Warsh. Not Anymore.
The New York Times – On the Runway:We are approaching a credibility crisis with Scott Bessent and Kevin Warsh leading our economy.
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‘Honeymoon’s Over’: Warsh Under Pressure as Fed Weighs Raising Rates
The New York Times – Business:Kevin M. Warsh is scheduled to deliver his first address at the Federal Reserve’s annual conference in Jackson, Wyo., with U.S. government bond markets on edge and inflation risks resurfacing.
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Bessent Faces Credibility Test in Quest to Tame Markets
The New York Times – Business:The Treasury secretary is confronting the limits of his ability to reshape the economy ahead of midterm elections.
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What’s Behind the U.S. Treasury’s Latest Attempt to Lower Interest Rates
The New York Times – Business:The Treasury Department said it could begin to buy back more of its debt, and bond market investors are assessing the potential effects on borrowing costs.
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The Economy Got Used to Low Borrowing Costs. Their Exit Could Pose Risks.
The New York Times – Business:After roughly two decades of ultralow interest rates, a period of rapid readjustment is ahead for the United States, the world’s largest economy and most important financial system.
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Treasury Turns to Interventionist Tactics to Lower Interest Rates
The New York Times – Business:Treasury Secretary Scott Bessent is reinventing the government’s role in the world’s most important bond market.
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Why Treasury Yields Are Rising, and What That Means for the Economy
The New York Times – Business:Interest rates on U.S. government bonds can affect everything from auto and student loans to mortgages.
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More Fed Officials Lost Patience About Elevated Inflation at Latest Meeting
The New York Times – Business:Minutes from the Federal Reserve’s July gathering showed broadening support for higher borrowing costs to stamp out lingering price pressures.
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Markets Rally After U.S. Treasury Tries to Ease Bond Market Stress
The New York Times – Business:Government bond yields fell and stocks jumped on a move by the Treasury Department to double the amount of debt that it can buy back from investors.
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The Rising Stakes of the Global Bond Rout
The New York Times – Business:There were already several factors rattling investors. A further rise in bond yields is making things more expensive for everyone.