White House Confident Warsh Will Win Swift Senate Confirmation as Next Fed Chair
JH Kim
Summary
- The White House said it is confident in Kevin Warsh's confirmation as Federal Reserve chair.
- The White House said it is confident the Senate will swiftly confirm Warsh as the next Fed chair.
- Markets are focused on how a change at the top of the Fed could affect future interest-rate policy and the direction of liquidity.
Forecast Trend Report by Period
The White House voiced confidence that Kevin Warsh will win Senate confirmation as chair of the Federal Reserve, underscoring expectations for a change in the central bank's monetary-policy leadership.
Walter Bloomberg reported on April 24 that the White House is confident the Senate will swiftly confirm Warsh as the next Fed chair.
The comments came after Warsh was nominated for the post and suggest the confirmation process could move relatively quickly.
Markets are watching how a change at the top of the Fed could affect interest-rate policy and liquidity conditions. Warsh's policy stance is a key variable for financial markets.
JH Kim
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