#WarshFedPowerShift
About WarshFedPowerShift
Warsh has officially replaced Powell as Fed Chair, but the transition hit a rare snag: Trump-nominated governors Miran and Bowman pushed back against Powell serving as interim chair indefinitely, demanding a fixed handover timeline. The 10Y yield climbed to around 4.6%, a monthly high, with markets ruling out a June cut and pricing in hike tail risk. Warsh's first FOMC meeting is June 16-17. The internal power struggle is the first uncertainty of the Warsh era.
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