PANews reported on January 30th that, according to Jinshi, Investec's chief economist, Philip Shaw, stated that strong rumors circulated overnight that Warsh wouldPANews reported on January 30th that, according to Jinshi, Investec's chief economist, Philip Shaw, stated that strong rumors circulated overnight that Warsh would
Economist: Warsh's succession has been priced in; downside risks for the dollar remain.
News Brief
PANews reported on January 30th that Investec's chief economist Philip Shaw indicated strong speculation surfaced overnight suggesting Warsh's takeover was essentially finalized. The focus now shifts to understanding Warsh's positions on matters such as interest rates and balance sheet management.Shaw pointed out that America's fiscal trajectory remains unsustainable. Moreover, he believes Warsh's appointment doesn't guarantee Trump will refrain from interfering with Federal Reserve decisions or broader governmental functions. Although today's announcement slightly reduced concerns about dollar weakness, significant uncertainties continue to linger in the market.
PANews reported on January 30th that, according to Jinshi, Investec's chief economist, Philip Shaw, stated that strong rumors circulated overnight that Warsh would succeed him, and the relevant deal was essentially completed last night. The next step will be to assess Warsh's stance on key issues such as interest rates and the balance sheet. He pointed out that the US fiscal situation is on an unsustainable path, and Warsh's appointment does not mean that Trump will not intervene in the Federal Reserve or other areas of government operations. Although the risk of a weaker dollar has decreased somewhat after today's announcement, risks still exist.
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