Express News | Fed Chair nominee Warsh: Independence depends on the Fed (itself)

BreakingsApr 21 22:57

US Dollar Index Analysis: Long-term bearish trend remains unchanged.

During the European trading session on Monday (February 16), the US Dollar Index (DXY) unexpectedly showed some support, edging up to 96.9950 with a gain of 0.15%. Notably, despite widespread market expectations of an upcoming shift by the Federal Reserve towards easing, the dollar has not weakened accordingly. In terms of trading activity, the market remained subdued due to the Presidents' Day holiday in the United States and the significant holiday in China, resulting in lower overall trading volumes. Fundamental analysis reveals insufficient confidence based on past macroeconomic conditions and market reactions: market performance over the past few weeks indicates that even improvements in the US macroeconomic situation have been inadequate to push the dollar back to levels seen in early January.

FX678 FinanceFeb 16 19:26

The Reserve Bank of Australia has shifted to a monetary tightening stance, and the dovish tendencies among central banks of various countries are beginning to weaken.

At its monetary policy meeting on the 3rd, the Reserve Bank of Australia decided to raise interest rates by 0.25 percentage points. The central bank cited signs of renewed inflationary pressures as the reason for the rate hike. In the short-term financial market, expectations are for roughly two more tightening measures by the Reserve Bank of Australia before the end of the year. Amidst other central banks, including the Federal Reserve (FRB), maintaining a bias towards interest rate cuts, the Reserve Bank of Australia has become the first major central bank to shift towards raising rates. Meanwhile, the European Central Bank (ECB) began its easing cycle at a level above 2%, having reached its inflation target.

Fisco JapanFeb 4 06:13

Capital Economics: The first challenge for Warsh leading the Federal Reserve is to convince his colleagues to cut interest rates.

Gelonghui, February 2nd | Economists Thomas Ryan and Alexandra Brown from Capital Economics stated that if Kevin Warsh becomes the Federal Reserve Chair, his first major challenge will be to persuade other members of the Federal Open Market Committee (FOMC) to accept his view that “interest rates should be lower.” They noted, “Should Warsh fail to garner sufficient support, he may face criticism from Trump similar in intensity to what former Chair Powell experienced during his tenure.” Despite Warsh’s potentially significant influence over policy meeting directions, he would still hold only one vote within the twelve-member monetary policy committee.

Gelonghui FinanceFeb 2 19:19

Analyst: Trump may announce new Fed chair nominee during January FOMC meeting

Gelonghui January 28 | Eamonn Sheridan, an analyst at the financial website Investinglive, stated that analysts expect U.S. President Trump may announce the nominee to replace Powell as Federal Reserve Chair as early as this week. The timing could be deliberately set during the Federal Reserve’s January policy meeting. The FOMC will announce its interest rate decision at 3:00 AM Beijing time on Thursday. Against the backdrop of renewed scrutiny of central bank independence, this meeting has become particularly sensitive. Analysts pointed out that if the announcement of the new Fed Chair occurs during the meeting, the White House might aim to seize control of the policy narrative, especially if the Fed decides to maintain current policies.

Gelonghui FinanceJan 28 10:54

Don't Expect To Learn A Lot at Jan. FOMC Meeting -- Market Talk

WSJJan 24 01:31