WARSH TAKES FED CHAIR — EXPECTED TO RECALIBRATE, NOT RESET

WARSH TAKES FED CHAIR — EXPECTED TO RECALIBRATE, NOT RESET PIMCO’s Richard Clarida: new chair Kevin Warsh will maintain Fed independence and credibility. Likely “recalibrate policy strategy rather than make abrupt changes.” Inflation remains above target, pressured by geopolitics and energy.

PIMCO’s Richard Clarida: new chair Kevin Warsh will maintain Fed independence and credibility. Likely “recalibrate policy strategy rather than make abrupt changes.” Inflation remains above target, pressured by geopolitics and energy.