Investors are greeting President Trump's nomination of Kevin Warsh to lead the Federal Reserve with cautious approval, while weighing key questions about how the former Fed governor's crisis-era credentials and appetite for change could reshape U.S. monetary policy.Warsh's hawkish reputation as a former Federal Reserve governor from 2006 to 2011, coupled with his role during the 2008 financial crisis, has helped calm fears of a disruptive overhaul in how the central bank is run.Yet investors also foresee potential shifts at the Fed under Warsh's leadership, following his previous comments about a need for change and a recent openness to lowering interest rates. While U.S. financial markets were little changed on Friday, investors pulled from safe-haven assets such as gold and silver, a sign of relief over Mr. Trump's choice to replace Fed Chair Jerome Powell with a known figure like Warsh. "That crisis-era experience also suggests to us that Warsh is the person you want running the Federal Reserve if there is a new disruption to the financial system," said Jaret Seiberg of TD Cowen in a research note.Here are three important questions for investors with Warsh on tap to lead the Fed. More rate cuts ahead?The biggest question for investors, along with consumers and businesses, is how Warsh's nomination might alter the Federal Reserve's interest rate outlook. The central bank held its benchmark rate steady at its most recent meeting on Jan. 28, after officials in December pencil
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