Kevin Warsh is taking over as Fed Chairman, and the FED statement has returned to a Greenspan-like format.

1 report, 1 independent Updated Jun 1

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What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

FED Alan Greenspan

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Part of

President Trump is reportedly influencing appointments within the Federal Reserve, leading to the replacement of Fed chair Powell by Warsh. All 1 developments

The entities involved

FED
business
- US-Iran truce aims to reopen Strait of Hormuz amid global monetary policy shifts and oil price drops.Mon 17:37
- Iran closed the Strait of Hormuz, halting petroleum liquids movement and raising inflation concerns, which Donald Trump views as a potential solution.Mon 16:16
Alan Greenspan
American economist and financial advisor (born 1926)
- Nomura notes high accuracy of Fed's market moves as Warsh presides over his first meeting, with Fed statements echoing Greenspan's style.Mon 10:26

Related events

Kevin Warsh is appointed Chairman of the Federal Reserve, and analysts begin reviewing the Fed's messaging and tone.Jun 18
Trump appointed Kevin Warsh as Fed chair amid central banks overshooting targets, while global economic pressures mounted due to the Iran war and international rate hike pressures.Jun 11
Trump appointed Kevin Warsh as the new chair of the FED, which is currently forming task forces.Jun 17
Kevin Warsh, Federal Reserve Chairman, made comments at Jackson Hole that shifted market expectations regarding future rate hikes.Aug 29
Kevin Warsh takes over as Federal Reserve chair and leads the first FOMC meeting, amid White House pressure for lower rates.Jun 12

Coverage

Newest first; wire copies grouped

Jun 1scmp.com