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Powell named Fed temporary chair until Warsh sworn in amid fight over Fed independence

Powell named Fed temporary chair until Warsh sworn in amid fight over Fed independence

The US Federal Reserve board has appointed Jerome Powell as temporary chair until successor Kevin Warsh is sworn in, following Warsh’s Senate confirmation this week. Powell’s term ended Friday, and the Fed says the move follows past transition practice, though it has not set a swearing-in date. The decision drew dissent from Trump nominees Stephen Miran and Michelle Bowman, who argued the interim role must be time-limited. Warsh, a former inflation “hawk,” now aligns with lower-rate pressure.

Summarised by Beize from a story on The Economic Times on 16 May 2026
UK 30 year gilt yields surge as Burnham’s leadership bid rattles investors and rate expectations

UK 30 year gilt yields surge as Burnham’s leadership bid rattles investors and rate expectations

UK government borrowing costs jumped sharply on Friday, with 30-year gilt yields rising almost 13 basis points to 5.779%, close to a near three-decade high. The move followed renewed global bond stress linked to inflation worries from the Iran war and firm rate-hike expectations in the US. But the shock was sharper in Britain after Andy Burnham secured a potential path to challenge Labour PM Keir Starmer, raising investor fears of higher public borrowing.

Summarised by Beize from a story on The Economic Times on 15 May 2026

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Oil-driven inflation fears push US bond yields higher for longer as Fed chief Kevin Warsh faces pressure

Oil-driven inflation fears push US bond yields higher for longer as Fed chief Kevin Warsh faces pressure

Investors are bracing for US Treasury yields to stay elevated, driven mainly by oil prices rising amid a prolonged Middle East conflict and persistent inflation above the Fed’s target for nearly five years. Long-dated yields, including the 10-year benchmark, have surged—up about 45 basis points since early March and hitting an 11-month high. Higher borrowing costs could weigh on growth and equities, while Warsh must manage inflationary pressures beyond the Fed’s direct control.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Fed Governor Barr warns against loosening bank liquidity as Fed balance sheet shrinks amid Warsh debate

Fed Governor Barr warns against loosening bank liquidity as Fed balance sheet shrinks amid Warsh debate

Federal Reserve Governor Michael Barr urged policymakers to avoid shrinking the Fed’s balance sheet by easing bank liquidity requirements. He warned such changes could weaken financial resilience, disrupt money market functioning, and raise the chance that banks would need emergency central bank support during stress. Barr pointed to the 2023 banking turmoil as evidence regulators should strengthen, not loosen, liquidity buffers. His remarks arrive as debate intensifies over a possible future Fed direction under Kevin Warsh, who favors a smaller balance sheet and argues it could create more space to cut rates.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Mortgage rates surge again as Treasury yields spike and 2026 refinancing turns costly for millions

Mortgage rates surge again as Treasury yields spike and 2026 refinancing turns costly for millions

Mortgage rates are climbing as U.S. Treasury yields rise, pulling refinancing costs higher across the housing market. The average 30-year fixed refinance rate jumped to 6.54%, while standard 30-year mortgage rates reached 6.34%. Sticky inflation and a cautious Federal Reserve outlook are keeping borrowing expensive, leaving homeowners who waited for lower rates facing a tougher reality in 2026.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Kevin Warsh set to chair Fed again as rate debate and AI risks collide

Kevin Warsh set to chair Fed again as rate debate and AI risks collide

Fifteen years after leaving the Federal Reserve over disagreements on aggressive bond buying, Kevin Warsh is reportedly set to return as Fed chair with a reform agenda. Warsh has long criticized the Fed’s large asset purchase programs that ballooned its balance sheet to roughly $6.7 trillion, and the leadership shift is sparking fresh debate on rates, transparency, and AI’s economic impact.

Summarised by Beize from a story on The Economic Times on 14 May 2026

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Trump picks Kevin Warsh to lead the Fed but rate power may be far smaller than you think

Trump picks Kevin Warsh to lead the Fed but rate power may be far smaller than you think

Kevin Warsh is set to become the next chair of the US Federal Reserve, but his direct sway over interest rates could be limited. Rate targets are decided by the 12-member Federal Open Market Committee, where Warsh would cast only one vote. In practice, the chair’s influence depends on consensus building and persuasion, which is why markets are watching every Fed statement for policy signals.

Summarised by Beize from a story on The Economic Times on 13 May 2026
US Senate confirms Kevin Warsh to lead the Federal Reserve as inflation and politics collide

US Senate confirms Kevin Warsh to lead the Federal Reserve as inflation and politics collide

The US Senate has confirmed Kevin Warsh as the next head of the Federal Reserve, succeeding Jerome Powell. He steps into a high-pressure moment marked by elevated inflation, rising gas prices, and sharp internal Fed disagreements. With President Trump pushing for lower interest rates, Warsh has vowed independence—yet faces a tight balancing act to cool inflation without stalling growth.

Summarised by Beize from a story on The Economic Times on 13 May 2026
Boston Fed warns rate hikes may return if inflation stays sticky and Middle East tensions worsen

Boston Fed warns rate hikes may return if inflation stays sticky and Middle East tensions worsen

Boston Fed President Susan Collins said the Fed may need additional rate hikes if inflation remains stubborn. She pointed to the Middle East crisis as a potential accelerant, arguing that disruptions could push prices higher and complicate the path back to targets. The comments underscore how geopolitical risks can feed directly into monetary policy decisions and inflation expectations.

Summarised by Beize from a story on The Economic Times on 13 May 2026
Goolsbee warns US services inflation is worsening after weak April data hits Fed confidence

Goolsbee warns US services inflation is worsening after weak April data hits Fed confidence

Chicago Fed President Austan Goolsbee flagged rising risks from U.S. services inflation, saying fresh data shows price pressures shifting in an unfavourable direction. He noted inflation is still proving sticky even as the labour market holds steady, keeping policymakers cautious while the Federal Reserve weighs its next rate move amid mixed economic signals.

Summarised by Beize from a story on The Economic Times on 13 May 2026

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Asian stocks fall as US CPI sparks yield jumps and oil fueled inflation fears

Asian stocks fall as US CPI sparks yield jumps and oil fueled inflation fears

Asian markets slid as US CPI showed inflation accelerating, sending Treasury yields higher. Oil prices jumped after the Iran conflict, adding fresh inflation pressure and lifting expectations that the Federal Reserve could still hike as late as 2027. Analysts warn the equity rebound may wobble, with chipmakers and rate sensitive stocks facing extra strain.

Summarised by Beize from a story on The Economic Times on 13 May 2026
US stocks slip as hotter CPI and Iran tensions revive rate fears

US stocks slip as hotter CPI and Iran tensions revive rate fears

Wall Street edged lower as hotter than expected U.S. inflation and ongoing Middle East tensions weighed on investor sentiment. With CPI at a three-year high, traders are increasingly pricing in the Federal Reserve keeping rates steady for longer. While strong earnings offered some support, the inflation shock and geopolitical risk kept markets cautious.

Summarised by Beize from a story on The Economic Times on 12 May 2026
US Treasury yields hit 5 as oil shocks inflation fears and investors dump bonds

US Treasury yields hit 5 as oil shocks inflation fears and investors dump bonds

Global bond markets are rattled as US Treasury yields surge to around 5% amid rising oil prices and persistent inflation concerns. Those pressures are shifting expectations for US interest rates, making investors reconsider the odds of Federal Reserve rate cuts. UK bond markets are also under strain, reflecting broader unease across major economies.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Senate confirms Kevin Warsh as Fed governor with sweeping plans for Treasury ties

Senate confirms Kevin Warsh as Fed governor with sweeping plans for Treasury ties

The US Senate has confirmed Kevin Warsh as a Federal Reserve governor, setting up a crucial period for the central bank amid political pressure. Warsh is now preparing to shape the Fed’s priorities and has signaled interest in reshaping how the Fed coordinates with the US Treasury. A Fed chair vote is expected on Wednesday.

Summarised by Beize from a story on The Economic Times on 12 May 2026

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US inflation jumps to three year high as April CPI surprises and rate cut bets wobble

US inflation jumps to three year high as April CPI surprises and rate cut bets wobble

US consumer prices climbed briskly again in April, marking the largest annual inflation increase in nearly three years. The data extends a second straight month of faster price growth, raising fresh questions about whether the US Federal Reserve can justify an interest rate cut soon. Markets now weigh the CPI shock against the Fed’s inflation and jobs targets.

Summarised by Beize from a story on The Economic Times on 12 May 2026
US stocks plunged after CPI hit three year high sparking fresh Fed rate fears and oil driven inflation worries

US stocks plunged after CPI hit three year high sparking fresh Fed rate fears and oil driven inflation worries

US stocks fell sharply after the CPI inflation report showed a 3.8% rise, the highest in three years. The Dow slid over 307 points, while the S&P 500 and Nasdaq posted losses. Treasury yields rose and the dollar strengthened, with tech stocks retreating as investors priced in the possibility of longer Federal Reserve rate cuts being delayed amid rising oil prices and Iran related tensions.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Gold climbs as Trump Xi talks loom and Iran ceasefire watch intensifies

Gold climbs as Trump Xi talks loom and Iran ceasefire watch intensifies

Gold prices rose as markets priced in potential outcomes from an awaited Trump Xi meeting and closely watched fragile ceasefire negotiations involving Iran. Traders are also looking ahead to U.S. CPI data, viewing it as a key signal for the Federal Reserve’s next interest rate moves. Risk sentiment and rate expectations are driving the commodity’s momentum.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Strong US jobs data derails hopes for rate cuts and complicates Kevin Warsh path

Strong US jobs data derails hopes for rate cuts and complicates Kevin Warsh path

April’s strong U.S. hiring data has cut the odds of Federal Reserve rate cuts this year, reinforcing officials’ concerns that inflation pressures remain sticky. With the job market staying resilient and energy prices moving higher, policymakers may be forced to hold rates longer—an outcome that could undermine the policy agenda of prospective Fed Chair Kevin Warsh.

Summarised by Beize from a story on The Economic Times on 8 May 2026

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US hiring surprises again as 115000 jobs added in April despite Iran war shock

US hiring surprises again as 115000 jobs added in April despite Iran war shock

US employers kept surprising the market in April, adding 115,000 jobs even as uncertainty from the Iran war weighed on global sentiment. Alongside the steady hiring, average hourly earnings rose 0.2% from March and 3.6% year over year, aligning with the Federal Reserve’s push toward a 2% inflation target.

Summarised by Beize from a story on The Economic Times on 8 May 2026
Treasury yields flirt with 5 percent again as inflation fears rattle Wall Street

Treasury yields flirt with 5 percent again as inflation fears rattle Wall Street

Wall Street is bracing for renewed volatility as US Treasury yields hover near 5 percent, with investors debating whether 30-year rates can stay above that level. Rising oil prices and a resilient US economy are stoking inflation concerns and potentially lifting borrowing costs globally. Traders are also recalculating expectations for the Federal Reserve’s next policy move.

Summarised by Beize from a story on The Economic Times on 8 May 2026
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