BREAKINGVIEWS-Vanishing Fed rate cuts could buy time for Warsh

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

By Gabriel Rubin

WASHINGTON, May 15 (Reuters Breakingviews) - Incoming Chair Kevin Warsh wants the US central bank to stop spoon-feeding economic forecasts to investors. His timing is fortuitous. Oil-fueled price pressures have prompted markets to erase 50 basis points of expected cuts in 2026. If the Fed is on hold it can be quieter, too.

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CONTEXT NEWS

The U.S. Senate on May 13 confirmed Kevin Warsh to ​a four-year term as the Federal Reserve’s chairman beginning May 15, succeeding Jerome Powell, who will remain on the central bank’s board of governors.

Annual U.S. consumer inflation rose 3.8% in April, the largest gain in three years, the Bureau of Labor Statistics reported on May 12.


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