Warsh Reshapes Fed as Mortgage Rates Flagged
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- Kevin Warsh has begun changing the Fed since taking over, with Citadel Securities warning of a "shifting landscape" under his leadership, per Bloomberg.
- A tight-lipped Fed stance could lead to higher mortgage rates, per the WSJ, and a source tells the outlet President Trump won't get what he wants from Warsh on inflation.
Why it matters: Warsh is already reshaping Fed policy in ways Trump won't get what he wants on, and if the central bank stays tight-lipped, homeowners shoulder the cost through higher mortgage rates—the first concrete consumer consequence of the leadership change.
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