Bond investors brace for ‘volatile’ Fed transition as Powell stays on
Bond investors expect volatility as Kevin Warsh shifts Fed approach amid deep division.
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kevin warsh is taking over as fed chair at a moment of deep internal division, according to fund managers. powell is staying on as a governor, but the transition is expected to be volatile. bond investors are bracing for a shift in the central bank's approach — though warsh hasn't laid out a clear policy roadmap yet. the division on the fomc is real enough that some managers are already adjusting their portfolios ahead of the handover.
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