
Trump's Fed Chair Pick Kevin Warsh Could Deliver 'Four Or Five' Rate Cuts, Says Macro Expert
Steven Major, global macro advisor at broker Tradition Dubai, has said that President Donald Trump‘s Fed Chair pick Kevin Warsh could cut rates faster than market expectations.Speaking on Bloomberg TV on Tuesday, Major stated that there could be “four or five rather than two” rate cuts. Prospects of further rate cuts and renewed inflation concerns have prompted investors to pick shorter-maturity bonds instead of longer ones, making the yield curve steeper. Major stated that he is “not convinced” about the steepening of the curves and recommended shorter maturity treasuries. Warsh Nomination Jolts MarketsTrump’s nomination of Warsh on Friday rattled markets. The SPDR S&P 500 ETF (NYSE:SPY) ended lower that day, gold and silver gave up ...Full story available on Benzinga.com




