The latest data suggests that US inflation is likely to remain at a higher level for longer than expected. This has recently put the bond markets under pressure and shows that the first challenges await the new head of the Federal Reserve, Kevin Warsh.
The US Federal Reserve has a new chairman in Kevin Warsh. While his predecessor Jerome Powell can look back on an eventful term in office, the change of chairman raises one question in particular: how will the Fed monetary policy change under Kevin Warsh?
