Trust on Trial
The nomination of Kevin Warsh as the next chair of the United States Federal Reserve comes at a moment when monetary policy has become deeply entangled with politics.
The nomination of Kevin Warsh as the next chair of the United States Federal Reserve comes at a moment when monetary policy has become deeply entangled with politics.
In an age of policy turbulence and political noise, the United States Federal Reserve has chosen the one path that markets often value more than swift action ~ patience. By holding its benchmark interest rate steady at 4.3 per cent for the fourth consecutive time, the US central bank is signalling a careful balancing act between economic caution and inflation vigilance.
