Former Federal Reserve governor Kevin Warsh is a safe pair of hands to steer the US central bank, analysts said Friday, flagging his track record on Wall Street and with the Fed.
Gold and silver prices already started sliding on reports that Donald Trump would nominate Warsh -- a plan the president swiftly confirmed -- with the drop in safe haven investments pointing to reassurance among investors.
kAm(92E 5@ 64@?@>:DED[ :?5FDECJ A=2J6CD 2?5 A@=:4J>2<6CD D2J 23@FE (2CD9VD 6>6C86?46 2D E96 ?6IE u65 492:C>2?nk^Am
k9am\ VtIA6C:6?465 2?5 E6DE65V \k^9am
kAmQ!C6D:56?E %CF>A 92D 49@D6? 2? 6IA6C:6?465 2?5 E6DE65 A@=:4J>2<6C H9@ AC6G:@FD=J D6CG65 2E E96 u65 5FC:?8 @?6 @7 :ED >@DE 492==6?8:?8 >@>6?ED[Q D2:5 p>6C:42? q2?<6CD pDD@4:2E:@? AC6D:56?E #@3 }:49@=D]Â k^Am
kAmw6 25565 E92E %CF>AVD 49@:46 Q92D 2 566A F?56CDE2?5:?8 @7 >@?6E2CJ A@=:4J[ >2C<6ED 2?5 E96 :>A@CE2?E C@=6 E96 ?2E:@?VD 32?<D A=2J :? E96 64@?@>J]Qk^Am
kAm(2CD9VD E6C> 2D u65 8@G6C?@C D2H 9:> H@C< 4=@D6=J H:E9 E96? 49:67 q6? q6C?2?<6 @? E96 46?EC2= 32?<VD A@=:4J C6DA@?D6D 5FC:?8 E96 7:?2?4:2= 4C:D:D E92E C@4<65 E96 8=@32= 64@?@>J :? a__g]k^Am
kAmw6 6>6C865 2D 2 <6J 4@>>F?:42E:@?D 4@?5F:E 36EH66? A@=:4J>2<6CD 2?5 7:?2?4:2= >2C<6ED]k^Am
kAmq2?<:?8 8C@FA &?:rC65:E D2:5 E92E (2CD9 3C:?8D Q6IA6C:6?46 2?5 4C65:3:=:EJQ 2E 2 E:>6 H96? u65 :?56A6?56?46 7C@> A@=:E:4D :D F?56C E9C62E]k^Am
kAmQ(2CD9 H:== =:<6=J 36 D66? 3J >2C<6ED 2D 2 D276 A2:C @7 92?5D[Q &?:rC65:E D2:5]k^Am
k9am\ VrC:E:42= E9:?<6CV \k^9am
kAmy677C6J #@249[ 49:67 64@?@>:DE 2E {!{ u:?2?4:2=[ 6IA64ED (2CD9 :D F?=:<6=J E@ Q24E 2D 2 J6D\>2?Q 7@C E96 AC6D:56?E]k^Am
kAm(2CD9 :D Q<?@H? 2D 2 4C:E:42= E9:?<6CQ H9@ :D QH:==:?8 E@ C6E9:?< 4@?G6?E:@?[Q #@249 D2:5]k^Am
kAm&?:rC65:E ?@E65 E92E E@H2C5D E96 6?5 @7 (2CD9VD DE:?E 2D u65 8@G6C?@C 36EH66? a__e 2?5 a_``[ 96 3642>6 QG6CJ 4C:E:42= @7 E96 u65 2?5 6?565 FA C6D:8?:?8 3642FD6 @7 9:D @3;64E:@?D E@ BF2?E:E2E:G6 62D:?8]Qk^Am
kAm#6AF3=:42? $6?2E@C %9@> %:==:D 25565 @? D@4:2= >65:2 E92E 96 D2H (2CD9 2D QBF2=:7:65]Qk^Am
kAmqFE %:==:D \\ 2 >6>36C @7 E96 $6?2E6 q2?<:?8 r@>>:EE66 \\ 92D G@H65 E@ 3=@4< E96 4@?7:C>2E:@? @7 u65 42?5:52E6D F?E:= 2 yFDE:46 s6A2CE>6?E :?BF:CJ :?E@ u65 r92:C y6C@>6 !@H6== :D C6D@=G65]k^Am
kAmy2D@? uFC>2?[ H9@ D6CG65 2D 2 E@A 64@?@>:4 25G:D6C E@ 7@C>6C &$ AC6D:56?E q2C24< ~32>2[Â D2:5 E92E Q(2CD9 :D H6== 23@G6 E96 32C @? 3@E9 DF3DE2?46 2?5 :?56A6?56?46Q E@ =625 E96 u65]k^Am
k9am\ s@==2C C64@G6CJ \k^9am
kAm%96 &$ 5@==2C >@G65 9:896C @? uC:52J 27E6C %CF>A 2??@F?465 9:D A:4< @7 (2CD9]Â k^Am
kAmQ%96 5@==2C 92D 366? H2:E:?8 7@C 2 42E2=JDE 7@C 2 C64@G6CJ[Q D2:5 u) DEC2E68:DE uC2?46D4@ !6D@=6 @7 x}v :? 2 ?@E6[ 255:?8 E92E ?6HD @7 (2CD9VD A=2??65 ?@>:?2E:@? Q@776CD 6I24E=J E92E]Qk^Am
kAmQ(2CD9 92D 366? 2>@?8DE E96 >@DE >2C<6E\7C:6?5=J 42?5:52E6D[ 2D 96 :D 2 7@C>6C u65 8@G6C?@C H:E9 2 9:DE@CJ @7 92H<:D9 G:6HDQ @? <66A:?8 :?7=2E:@? :? 4964<[ !6D@=6 D2:5]k^Am
k9am\ s2E2\56A6?56?En \k^9am
kAm(9:=6 (2CD9 >:89E 92G6 E2<6? 2 >@C6 Q5@G:D9 DE2?46Q @? :?7=2E:@? 5FC:?8 9:D :?E6CG:6H AC@46DD[ QE9:D A:4< >2J DF886DE 2 56D:C6 E@ 42=> DA64F=2E:@? @? u65 :?56A6?56?46 =@DD[Q 244@C5:?8 E@ !6D@=6]k^Am
kAmy!|@C82? 2=D@ ?@E65 E92E (2CD9VD DE2?46 D66>D E@ 92G6 D9:7E65 E@ 2 A@D:E:@? E92E 92AA6?D E@ 2=:8? H:E9 E96 %CF>A 25>:?:DEC2E:@?VD AC676C6?46D]k^Am
kAmQs@G6DQ 2C6 D66? E@ 72G@C =@H6C :?E6C6DE C2E6D E@ 3@@DE E96 64@?@>J H9:=6 Q92H<DQ 2C6 :?4=:?65 E@H2C5D 9:896C C2E6D E@ 4FC3 :?7=2E:@?]k^Am
kAmQ%96 7:CDE D6E @7 BF6DE:@?D E92E E96 (2CD9 ?@>:?2E:@? A@D6D :D H92E 9:D ECF6 =62?:?8D 2C6 2?5 9@H =@?8 H:== E96J A6CD:DE[Q D2:5 y!|@C82? 64@?@>:DE |:4926= u6C@=:]k^Am
kAmu6C@=: 6IA64ED (2CD9 H:== >2<6 E96 42D6 7@C C2E6 4FED E9:D J62C[ 3FE 7=28865 E96 492?46 E92E (2CD9VD :?4=:?2E:@?D >:89E 36 Q>@C6 @A6? E@ C6G:D:@?Q =2E6C @?[ 6DA64:2==J 27E6C E96 &$ >:5E6C> 6=64E:@?D E9:D J62C]k^Am
kAm3JD^2CAk^Am
