Kommentar: Der neue Fed-Chef und sein riskantes Spiel mit der US-Inflation
Der neue US-Notenbankchef Kevin Warsh hat einen Regimewechsel versprochen. Gemessen wird er an seinen Taten – von denen ist aber bisher nicht viel zu sehen.
Recent developments in the United States reveal a new Federal Reserve leader, Kevin Warsh, and his daring move regarding US inflation. According to July data, inflation has slowed down to 3.4 percent year-over-year, compared to 3.5 percent in June. However, critics argue that inflation has been above the US central bank's two-percent target for five years now.
Warsh took over as the head of the Fed, announcing significant changes after facing criticism from his predecessors. These changes include discontinuing Forward Guidance, eliminating an inflated balance sheet, and reducing the frequency of press conferences.
Warsh's promises of a more consistent approach to high inflation have yet to materialize significantly. The Fed's press conferences continue, the balance sheet remains unchanged, and inflation remains above two percent. Despite these ongoing actions, Warsh's sole contribution so far has been the abolition of Forward Guidance. Unfortunately, this single move has stirred considerable market unrest, particularly in bond markets.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
