US Federal Reserve

US Treasury’s Bessent says Fed will take its time on balance sheet moves

[WASHINGTON] US Treasury Secretary Scott Bessent said on Sunday he would not expect the Federal Reserve to move quickly to shrink its balance sheet, even under Fed chief nominee Kevin Warsh, who has c...

Gold prices nosedived earlier this week.

Gold’s plunge, a new Fed chair and Asia in flux

Gold’s crash, AI threats, Asia’s pivotal week, and Fed intrigue—Howie Lim and Raisah Rasid unpack volatility, geopolitics, and smart-money moves.

Stephen Miran had been on leave from his White House post since President Donald Trump appointed him last year to fill a vacancy on the Fed’s Board of Governors.

Federal Reserve’s Miran resigns from White House job

[WASHINGTON] Federal Reserve Governor Stephen Miran resigned on Tuesday from his position as chair of the White House’s Council of Economic Advisers, a White House spokesman said.

Business loan demand from large and medium-sized firms in the fourth quarter was the strongest it has been since the second quarter of 2022, the Fed’s survey found.

US banks expect stronger loan demand in 2026: Fed survey

Banks were more likely to lend to firms that were highly exposed to AI

Kevin Warsh appears more independent and brings a reputation as an inflation “hawk” – a central banker who prioritises fighting inflation, compared to a “dove” who prioritises growth and jobs.

Why Trump’s new pick for Fed chair hit gold and silver markets

With Kevin Warsh’s nomination, investors appear to expect lower inflation and greater financial stability

The Swiss National Bank wears the scars of several fierce market battles over the years, generally not of its own making.

The frank warning from Switzerland on the US dollar

If the greenback continues to slide with cuts in interest rates, countries will be forced to take action

Warsh has repeatedly and loudly blasted his old colleagues over the years for letting the bank’s assets balloon.

Warsh’s return revives tensions over the Fed’s US$6.6 trillion QE hangover

Money markets in particular have proved sensitive to even the slightest changes in the amount of liquidity in the system

Trump chose Kevin Warsh, a former Fed insider, on Friday to head the central bank when Chair Jerome Powell’s term ends in May.

Trump says Fed nominee Warsh could garner Democratic support

“He’s so good that he’ll probably get Democrat votes,” says Trump

Kevin Warsh is a veteran of both Wall Street and public service whom Trump nearly picked as Fed chair in 2017 before selecting Powell instead, a choice the president has said he regrets.
EXPLAINER

What does Kevin Warsh’s nomination mean for the Fed?

Warsh is a loyalist who has declared his alignment with Trump’s views on monetary policy

Warsh has called for a broad overhaul of the central bank that would slim its balance sheet and ease bank regulations.

Trump nominates former Fed official Kevin Warsh to succeed Jerome Powell as Fed chair

Move signals a potential pivot towards lower rates as US president puts his stamp on American economy