KEVIN WARSH SWORN IN AS FED CHAIR — POWELL REFUSES TO LEAVE BOARD, RISKS SHADOW CHAIR CONFLICT
What changed
Peter Navarro warns that Powell could force rate hikes into a supply-driven oil shock. Greenspan and Bernanke both cut rates during similar crises. Housing would weaken if Powell overrules Warsh.
Why it matters
Peter Navarro warns that Powell could force rate hikes into a supply-driven oil shock. Greenspan and Bernanke both cut rates during similar crises. Housing would weaken if Powell overrules Warsh.