Warsh's Fed 'regime change' may require patience, consensus
View original at finance.yahoo.comWarsh's Fed 'regime change' may require patience, consensus (Bloomberg) -- Kevin Warsh has vowed to usher in “regime change” as the new chair of the Federal Reserve, but Fed watchers say there are limits to how much he can revamp on his own — and that even in areas where he can make sweeping reform, it might be smarter…
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Trump has made it no secret that he expects Warsh to lower interest rates
60% confidenceIf lowering rates is Warsh's top priority, he will have a strong incentive to avoid alienating FOMC members and to curry goodwill
60% confidenceWarsh has vowed to usher in 'regime change' as the new Federal Reserve chair
60% confidenceWith inflation accelerating and the labor market stabilizing, FOMC policymakers are comfortable keeping rates on hold
60% confidenceWarsh has vowed to keep monetary policy independent from politics
60% confidenceOne of Warsh's primary tasks will be building FOMC consensus to lower interest rates when appropriate
60% confidenceSome FOMC policymakers are pushing for the Fed to signal its next move is just as likely to be a rate hike as a rate cut
60% confidenceWarsh has long been an advocate for shrinking the Fed's asset portfolio
60% confidence