Fed Chair Powell (Q&A) says he has not seen Kevin Warsh since January, has not spoken to him recently on policy

Powell's comments on the Chair transition suggest a standard shift rather than any significant policy upheaval, which is reassuring for markets. The lack of recent discussions with Warsh may imply continuity in the Fed's approach, reducing uncertainty about upcoming policy decisions. This should be supportive for USD stability and could influence fixed income dynamics as investors price in a more predictable rate path.