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.
Fed Chair Powell (Q&A) says his decision on when to leave is not based on the Lisa Cook ruling
CNBC's Cassella says she asked Press Sec Leavitt on Monday if Trump was still considering firing Powell if he stayed on as a Fed governor, and she said "I think the President will be satisfied once Kevin Warsh is confirmed as the Fed chair"
Fed Chair Powell (Q&A) says he has not seen Kevin Warsh since January, has not spoken to him recently on policy
Fed Chair Powell (Q&A) says he does not want to guess about future policy, notes we will have a new leadership in June in all likelihood
CRUDE WRAP: WTI (M6) SETTLES USD 6.95 HIGHER AT USD 106.88/BBL; BRENT (N6) SETTLES USD 6.04 HIGHER AT 110.44/BBL
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- Powell expects a normal, standard Chair transition
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.
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