分组1 - Kevin Warsh is set to take over as the new Fed Chair in May, pending Senate confirmation, succeeding Jay Powell [1] - Warsh is regarded as a credible and respected figure in monetary policy, with a strong background and insight [2] - The Fed's recent decision to keep interest rates steady reflects a positive outlook, with a stable unemployment rate and indications of diminishing risks [9][10] 分组2 - Inflation measures suggest no significant overheating in the economy, with current data supporting a cautious approach to monetary policy [7] - The Fed remains data-dependent, with potential changes in inflation expectations and tariff impacts being key factors to monitor [10][11] - The U.S. dollar has weakened, which could benefit exports but may also lead to higher prices domestically, potentially exacerbating inflation [22][23]

>> FOR FINANCIAL MARKETS, JANUARY CAME IN LIKE A LION, BUT GOES OUT LIKE A LAMB. LIVE AT BLOOMBERG HEADQUARTERS IN NEW YORK, I ROMAINE BOSTICK. >> I'M KATIE GREIFELD.WATCHING THE CLOSING, THE BIG NEWS IS PRESIDENT TRUMP NOMINATING KEVIN WARSH AS THE NEXT FED CHAIR. WHAT AN INTERESTING CROSS ASSET PICTURE WE HAVE TO LOOK AT. THE S&P 500 DOWN BY .60%.VERY SLIGHTLY POSITIVE FOR THE WEEK. YOU LOOK AT THE CURVE, INTERESTING REACTION IN THE TREASURY MARKET TRANSLATING INTO YOUR FIVE 30'S CURVE HIGHER BY ABOUT FOU ...

Let's start high level, because I know that you've been posting about this on Substack this morning. I would love to hear your reaction to Kevin Warsh being nominated, announced as President Trump's nominee, and what you make of the reactions to that as well. Okay.So there's a lot of politeness. A lot of people here are not saying what they think. I mean, Warsh is it could have been worse.I mean, that's I guess what we learned in the last the last year is that things can always be worse. But Warsh is very m ...

Core Viewpoint - President Donald Trump has nominated Kevin Warsh to be the next chairman of the Federal Reserve, following a lengthy deliberation process, with the current chairman Jerome Powell's term set to expire in May 2022 [1]. Group 1: Kevin Warsh's Background - Warsh served as a member of the Fed's Board of Governors from 2006 to 2011 and was the youngest Fed governor in history [2]. - He has experience in the private sector at JPMorgan and served in President George W. Bush's administration prior to his first Fed appointment [2]. - Warsh has held roles at the Hoover Institution, Stanford's Graduate School of Business, and the board of UPS, and has been an economic adviser to the Congressional Budget Office [4]. Group 2: Industry Reactions - Bank of America CEO Brian Moynihan expressed confidence in Warsh's background and experience, wishing him well in the confirmation process [7]. - UPS CEO Carol Tomé highlighted Warsh's financial markets knowledge and crisis management expertise, celebrating his nomination [7]. - U.S. Chamber of Commerce CEO Suzanne Clark noted Warsh's focus on economic growth and stable prices, looking forward to his confirmation [8]. - Investment Company Institute CEO Eric Pan commended Warsh's experience in monetary policy and financial regulation, emphasizing his understanding of the Federal Reserve's dual mandate [8]. - American Bankers Association CEO Rob Nichols praised Warsh as an experienced policymaker with a deep understanding of monetary policy and the role of banks in the economy [11]. - Independent Community Bankers of America CEO Rebeca Romero Rainey congratulated Warsh, noting his understanding of community banks' role in the economy [12].

Core Viewpoint - The appointment of Kevin Worsh as Fed chair is seen as a significant choice, with expectations that he will face challenges in navigating a divided Federal Reserve and a complex economic landscape [1][2][3]. Group 1: Challenges Ahead - Worsh must successfully navigate a Senate hearing and build consensus within a divided Fed while reassuring markets of his independence [2][3]. - The current economic environment is described as unusual, requiring Worsh to adapt his approach to monetary policy [2][3]. Group 2: Historical Context and Expectations - Worsh has a history as a monetary policy hawk, and there are concerns about whether he can adapt to the current economic conditions without reverting to past dogmas [4][5][8]. - The market is expected to test Worsh's commitment to controlling inflation, posing a challenge to his leadership [9][10]. Group 3: Learning from the Past - Central bankers, including Worsh, are capable of learning from past mistakes, which is crucial for maintaining credibility in inflation control [11][12]. - The transition to Fed chair brings a significant change in responsibility, requiring Worsh to adapt his previous commitments and strategies [13][14].

What is sort of technically your last 24 hours as a Fed governor. Your term is up tomorrow, but you're staying on. Thanks for having me back.It's good to see you again. Look, as you say, my term expires over the weekend. But per the Federal Reserve Act, I will be staying in my seat until someone is confirmed to replace me, presumably Chairman designate Kevin Warsh.This is common practice and has happened many times by other governors who have waited for someone else to be confirmed into their seat. Now the ...

Market Overview - Bitcoin remained stable at $83,873, increasing by 0.2% on the day, while gold and silver prices experienced significant declines, with gold dropping nearly 9% to $4,877 per ounce and silver plunging 28% to $82 per ounce [1] - The CBOE Gold ETF Volatility Index surged to 46.02, the highest since March 2020, and the Cboe Silver ETF Volatility Index peaked at 123.03, marking a record high since its launch in 2011 [2] Interest Rate Expectations - The recent market movements indicate that traders have rapidly adjusted their expectations regarding interest rates and liquidity, which typically impacts precious metals negatively [3] - The selloff in precious metals coincided with President Trump's nomination of Kevin Warsh to replace Fed Chairman Jerome Powell, which has implications for monetary policy [3][4] Cryptocurrency Sentiment - Bitcoin's trading range on Friday was between approximately $82,000 and $84,000, following a sharp decline from $88,000 to nearly $81,000 [5] - Market sentiment among Bitcoin users is mixed, with a 57.5% probability of Bitcoin rising to $100,000, while skepticism remains high as indicated by the Crypto Fear & Greed Index, which dropped to 16, the lowest level since the beginning of the year [6][7]

Kevin Worsh is a former Fed governor, has a reputation as a bit of a maverick. He believes basically that the Fed needs kind of a house cleaning. >> This isn't the first time you've heard me in the last decade say we need regime change at the Fed.It's not just about a person. It's about an approach to economics. It's about approach to what they're doing.And I'm troubled when I see them moving the goalposts. >> Not just Trump, but other administration officials. They want to see somebody go in there and just ...

>> I AM KATIE GREIFELD. BLOOMBERG REAL YIELD STARTS RIGHT NOW. KATIE: COMING UP, PRESIDENT DONALD TRUMP ANNOUNCES HIS LONG ANTICIPATED PICK TO LEAD THE FEDERAL RESERVE AS ONE KEY REPUBLICAN LAWMAKER DOUBLES DOWN ON HIS COMMITMENT TO BLOCK THE PRESIDENT'S BID.JANUARY HIGH-GRADE SALES COME IN AS ONE OF THE BUSIEST MONTHS, EVER. WE BEGIN WITH THE ISSUE. THE FUTURE OF THE FED UNDER KEVIN WARSH.>> INVESTORS KNOW HIM. THEY ARE COMFORTABLE WITH HIM. >> I THINK THE PRESIDENT HAD ARRANGE A OF BETTER CHOICES. I THINK ...

Core Viewpoint - President Donald Trump has nominated Kevin Warsh to be the next chairman of the Federal Reserve, which may lead to a contentious confirmation process in the Senate [1] Group 1: Nomination and Background - Kevin Warsh, aged 55, previously served on the Federal Reserve Board of Governors from 2006 to 2011 and was considered for the Fed chair position when Trump nominated Jerome Powell in 2017 [1] - Jerome Powell was confirmed in a bipartisan manner and reappointed during the Biden administration in 2022, but his term is set to expire in May [2] Group 2: Political Reactions - Some Republican senators have expressed concerns about the nomination process, with one senator vowing to block any Fed nomination unless the Department of Justice (DOJ) drops its investigation into Powell [5][12] - Senate Banking Chair Tim Scott emphasized the importance of accountability and credibility in the Federal Reserve, stating that Warsh's nomination reflects this focus [7][8] - Senator Elizabeth Warren criticized the nomination, suggesting that Warsh's loyalty to Trump was prioritized over the Fed's independence [10] Group 3: Support and Criticism - Senator Thom Tillis acknowledged Warsh's qualifications but reiterated his opposition to any Fed nominee until the DOJ's inquiry into Powell is resolved [12][13] - Senator Cynthia Lummis expressed the need for the Federal Reserve to embrace digital assets and innovation, supporting Warsh's nomination [16] - Senator Dave McCormick praised Warsh as a suitable candidate to fulfill the Fed's mandate of maintaining inflation control while promoting growth and job opportunities [18]