Warsh Faces High Hurdle for Rate Cuts as Powell Readies to Pass the Baton
Jerome Powell says the Fed leadership handover to Kevin Warsh will be “normal.” Some might disagree.
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I’m Chris Anstey , a senior economics editor in Boston, and today we’re looking at the complicated coming Fed leadership handover. Send us feedback and tips to ecodaily@bloomberg.net . And if you aren’t yet signed up to receive this newsletter, you can do so here .
Federal Reserve Chair Jerome Powell said Wednesday his handover of the leadership baton of the US central bank to Kevin Warsh — expected within the next few weeks — “will be a very normal, standard kind of transition process.”