Traders play war game for Trump’s Fed pick from Yellen to Warsh


FILE - In this Thursday, Dec., 11, 2014, file photo, Kevin Warsh speaks to the media about his report on transparency at the Bank of England, in London. President Donald Trump has met with Warsh as part of the process of interviewing candidates for the top job at the Federal Reserve. A White House official says Trump and Treasury Secretary Steven Mnuchin met with Warsh, a former member of the Fed’s seven-member board, on Thursday, Sept. 28, 2017. (AP Photo/Alastair Grant, Pool, File)

NEW YORK: Whether Donald Trump follows through on announcing a new Federal Reserve chair in the coming weeks or not, traders across financial markets have already tipped their hands.

Former Fed governor Kevin Warsh (pic) ... he’s seen as the most hawkish of the candidates, meaning more rate hikes and a flatter yield curve.

Celebrate Merdeka with 50% Off!
T&C applies.

Monthly Plan

RM13.90/month
RM6.95 only

Billed as RM6.95 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM6.17/month

Billed as RM78 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , US , federal reserve

   

Next In Business News

Caution remains the name of the game
OSK in Johor asset buy
Chip sector rebound may take longer than anticipated
Asia can be a dominant force, says Fernandes
Gamuda wins Sabah power project
Laws are important to curb anti-competitive mergers
Hartalega unfazed by China firms’ Asean expansion
Mixed sentiment on EMS sector
Fed gets green light on rate cuts as job growth disappoints
US job growth misses expectations in August; unemployment rate slips to 4.2%

Others Also Read