Donald Trump nominates Kevin Warsh as new Federal Reserve chair.
Some Things You Might Not Know About Kevin Warsh, prepared by @MKTNews_Global ;
1. Wife: Jane Lauder, granddaughter of Estée Lauder
2. Father-in-law: Ronald Lauder
– President of the World Jewish Congress.
– Proposed U.S. annexation of Greenland.
– Invested in Greenland freshwater bottling company and hydroelectric project.
– Highlights Greenland’s strategic rare-earth resources and emerging maritime routes.
3. Policy Views
– Initially supported QE, later warned it could cause inflation.
– Criticized $600B bond-buying plan; favors limited, reviewable strategies.
– Advocates Fed independence but believes poor outcomes require accountability.
– Calls for more transparency, clear policy direction, and Fed-Treasury partnership
Supports “regime change” at the Fed.
4. Deutsche Bank’s Matthew Luzzetti Team Forecasts That If Warsh Is Elected, He Could Back Rate Cuts While Pursuing Balance Sheet Reduction, Provided Regulatory Reforms Lower Banks’ Reserve Needs; Short-Term Uncertainty Persists.
Source: mktnews.com
