Kevin Warsh
Banknotes: April to June 2026
A round-up of news and salient issues that have affected central bankers in the past three months
US Senate advances Fed chair nomination for Warsh
Separate vote confirming appointment expected later this week
Israel’s Golan Benita on reserve management amidst the AI boom
The head of market operations at the Bank of Israel discusses a shift to active equities to address ‘Mag7’ risks, the rationale for extending duration, and his critical view of crypto and gold
The Fed’s six-trillion-dollar balance sheet question
Kevin Warsh’s drive to shrink the US central bank’s ledger is unlikely to be a simple task
FOMC holds as Powell decides to stay on as Fed governor
Outgoing chair to remain on board, citing uncertainty over further potential criminal probes
DoJ drops Powell probe, clearing way for Warsh
U-turn comes after Thom Tillis doubled down on threat to block president’s chosen successor
Tillis holds firm over Warsh’s confirmation as Fed chair
Senator still intends to block appointment unless criminal probe into Powell is dropped
Trump to Powell: If you don’t jump, I’ll push you
President threatens to fire Fed chair next month and says criminal probe into central bank must continue
People: January to March 2026
A round-up of central bankers in the news and on the move during the past three months
Interest rate crosswinds buffet IRRBB teams
Political intervention and rapid-fire law changes are skewering bank models for forecasting cashflows
Fed holds amid uncertainty over oil shock and tariffs
Powell pledges to stay on as interim chair if Warsh’s nomination is not confirmed in Senate
Fed watchers welcome court ruling on Powell
However, expert says DoJ’s appeal against decision could thwart Warsh’s confirmation as Fed chair
Middle East conflict creates new uncertainty for the Fed
Additional inflationary risks could jeopardise Trump’s hopes for rate cuts, experts say
Lagarde downplays odds of early exit
ECB president uses interviews to say she is on a ‘mission’ with a ‘baseline’ of serving out her term
Full ‘postmortem’ on QE yet to be written – Klaas Knot
Former DNB governor expects Fed to continue international monetary diplomacy under Warsh
Warsh is an excellent pick for Fed chair, says Quarles
Former vice-chair believes Trump’s choice will make policy-makers feel heard
Trump nominates Kevin Warsh as new Fed chair
Former insider and hawkish rate-setter gears up to lead world’s most important central bank
Fed risks president’s ire by holding rates
Experts say decision was obvious way to go, given US labour market and inflation figures
Fed succession planning: will Trump stick to the script?
The race to succeed Jerome Powell as head of the world’s most powerful central bank has already begun
30 years of forecasting: have central banks learned anything?
Forecasting models are constantly being upgraded, but forecast errors are still persistent. What more can central banks do?
The candidates knocking at Yellen’s door
Leading academics and economists weigh the competency of the top candidates for the Fed job – and how likely they are to win Trump’s favour