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Stock impact report

3 key questions for investors about Kevin Warsh, Trump's pick to lead the Fed [CBS News]

Siebert Financial Corp. (SIEB) 
US:NASDAQ Investor Relations: siebertnet.com
Company Research Source: CBS News
about how the former Fed governor's crisis-era credentials and appetite for change could reshape U.S. monetary policy. Warsh's hawkish reputation as a former Federal Reserve governor from 2006 to 2011, coupled with his role during the 2008 financial crisis, has helped calm fears of a disruptive overhaul in how the central bank is run. Yet investors also foresee potential shifts at the Fed under Warsh's leadership, following his previous comments about a need for change and a recent openness to lowering interest rates. While U.S. financial markets were little changed on Friday, investors pulled from safe-haven assets such as gold and silver, a sign of relief over Mr. Trump's choice to replace Fed Chair Jerome Powell with a known figure like Warsh. "That crisis-era experience also suggests to us that Warsh is the person you want running the Federal Reserve if there is a new disruption to the financial system," said Jaret Seiberg of TD Cowen in a research note. Here are three imp Show less Read more
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