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Morgan Stanley delivers blunt verdict on Fed pick Warsh
Yahoo Finance· 2026-02-03 18:07
Markets are looking for a reason to breathe again, and Morgan Stanley feels it may have found one. According to the bank’s chief equity strategist, Mike Wilson, Kevin Warsh’s nomination to replace Federal Reserve Chair Jerome Powellis effectively shaping up to be a long-awaited confidence reset. Powell’s chair term expires in mid-May this year, and Warsh is now the administration’s clear choice to take up the Fed’s hot seat. Nevertheless, since the announcement, things have been choppy to say the least ...