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Bloomberg

Warsh to Focus on Fed's Monetary Independence in Confirmation Hearing

Bloomberg's Stuart Paul said that a preview of prepared remarks from Trump's pick for Fed Chair Kevin Warsh show that he will focus mainly on the Fed's monetary independence in his confirmation hearing Tuesday. Paul described Warsh's view that the fed is responsible for all inflation, even if it is driven up by external forces, as 'shockingly hawkish' but explained that it could stem from the pressure he will face from the White House to deliver rate cuts.

Leia mais: Warsh to Focus on Fed's Monetary Independence in Confirmation Hearing
Bloomberg

DRAM ETF Surpasses $1B Assets Since Early April Launch

Bloomberg Intelligence's Jake Silverman joins Katie Greifeld, Scarlet Fu, and Eric Balchunas on "Bloomberg ETF IQ." The Roundhill Memory ETF (ticker: DRAM) has the most concentrated exposure to the three dominant memory stocks: SK Hynix, Micron, and Samsung. The ETF already has over $1 billion in assets since it's launch on April 2nd.

Leia mais: DRAM ETF Surpasses $1B Assets Since Early April Launch
Bloomberg

Fed Independence Is Critically Important, Says Wells Fargo CEO Scharf

Wells Fargo & Co. Chief Executive Officer Charlie Scharf says Federal Reserve independence is "critically important," but he says President Donald Trump is allowed to have his own point of view. Scharf spoke Monday during an interview with David Rubenstein at the Economic Club of Washington DC.

Leia mais: Fed Independence Is Critically Important, Says Wells Fargo CEO Scharf