Kevin Warsh is set to be sworn in as the new chair of the US Federal Reserve, with differing predictions on interest rate cuts. Experts express concerns about the potential impact on the Fed's independence.
The US Senate confirmed Kevin Warsh as the next chair of the Federal Reserve, succeeding Jerome Powell. Prediction markets indicate a 38.2% chance of interest rate cuts before 2027, a significant drop from 96% in February, while CME FedWatch shows a 98.8% probability that rates will remain unchanged until the end of June. Experts worry that Warsh's confirmation may create uncertainty regarding the central bank's independence in setting interest rates.