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2 Feb 2026

International Economy

Trump nominates Kevin Warsh as next Fed chair; policy rate seen cut 2–3 times from mid-year (Business Brief No.4239 Full Ed.)

คะแนนเฉลี่ย
  • On January 30, 2026, US President Donald Trump announced his nomination of Kevin Warsh as the next Federal Reserve chair. Warsh, a former Fed governor (2006–2011), is widely recognized as a hawkish economist and previously opposed quantitative easing (QE). More recently, however, Warsh has shown openness to policy rate cuts during an economic slowdown, citing productivity gains from AI as a factor that could help contain inflation. At the same time, he supports for a reduction in the Fed’s balance sheet to create room for cautious monetary easing. 
  • KResearch assesses that under a Federal Reserve potentially led by Keven Warsh, the Fed’s policy stance is likely to move towards gradual and cautious easing, with 2–3 rate cuts expected from mid-year onwards, amid a slowing US economic outlook. 
  • Following President Trump’s confirmation of Kevin Warsh as his nominee for the next Fed chair, US equity markets edged lower and the US Dollar strengthened, while precious metal prices – both silver and gold – fell sharply amid Dollar appreciation and profit-taking.

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International Economy

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