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: Interest Rates
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Fed Chairman Seeks to Calm Concerns About Elevated Inflation
The New York Times – Business: -
Warsh’s Big Test at Jackson Hole
The New York Times – Business:Investors want Kevin Warsh, the Fed chairman, to address inflation, interest rates and the bond market in a major speech. Some worry he won’t say enough.
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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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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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Can Bessent’s ‘Big Tool Kit’ Calm Bond Investors?
The New York Times – Business:Treasury Secretary Scott Bessent has vowed to step up efforts to restore calm to the debt markets. So far, it’s not working out that way.
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Did Bessent Put the Fed in a Bind?
The New York Times – Business:The Treasury Department’s plan for bond interventions have calmed markets. But Wall Street is worried about the fallout for inflation and more.
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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.