Kevin Warsh has been named Donald Trump’s pick to succeed Jerome Powell as Chair of the Federal Reserve. Group Chief Economist Neil Shearing, Deputy Chief North America Economist Stephen Brown, and Deputy Chief Markets Economist Jonas Goltermann come together for a special episode of The Weekly Briefing to address the key questions raised by this announcement, including:
- Whether Warsh would deliver the kind of monetary easing Trump has been calling for;
- How Warsh's call to shrink the Fed’s balance sheet would work, and what that could mean for Treasury yields;
- The implications for the dollar following an extraordinary week in currency markets.
The Weekly Briefing from Capital Economics