By Michael S. Derby Feb 17 (Reuters) - Kevin Warsh, nominated to lead the Federal Reserve, may want a smaller central bank ...
An immediate effort to unload some of the central bank's assets could do more harm than good. Fed chair nominee Kevin Warsh ...
Kevin Warsh argues the Federal Reserve has strayed from its mission as fiscal and monetary policy blur, calling for a smaller balance sheet and renewed Fed independence.
By Sarupya Ganguly BENGALURU, Feb 12 (Reuters) - Long-dated U.S. Treasury yields will hold steady in the near term but rise ...
Treasury Secretary Scott Bessent said on Sunday he would not expect the Federal Reserve to move quickly to shrink its balance ...
None of this is to deny that a large central bank balance sheet carries costs. It facilitates government financing in ways that risk fiscal dominance and distorts the functioning of financial markets.
Warsh’s resolve has strengthened since and he has regularly cited QE as the defining feature of his critique of the Fed, its ...
Back in ye olde days (pre-2008 in the United States), central bankers had not gone nuts with QE and so reserve balances were ...
Warsh’s repeated focus on the issue could shape the Fed’s policy approach going forward, wrote Wells Fargo Chief Economist Tom Porcelli. Powell has been known for “insurance cuts” — lowering rates ...
Federal Reserve Governor Stephen Miran said the central bank’s balance sheet needs to be smaller, but that shouldn’t preclude policymakers from opting for large-scale asset purchases during an ...
The Fed’s balance sheet, mentioned by Jerome Powell this week, tracks what the Fed owns and owes. And the Fed has stopped its buying spree, mostly to reduce its influence on the market. Federal ...
It is a pleasure to offer closing remarks after another excellent U.S. Treasury Market Conference.1 A well-functioning and liquid Treasury market is in all of our interests, and indeed the national ...