Fed change is afoot, in more ways than one

A new era is at hand at the Fed with Kevin Warsh poised to become the central bank’s next chair. We look at how this may affect monetary policy ahead and point out that the days when the chair held outsized stature and influence over the institution may be a thing of the past.

Regional developments

Bank of Canada leaves interest rates unchanged; Key week of Q1 earnings, but keep an eye on crude oil; European Central Bank likely to hike in June, Bank of England potential hikes pushed further out; Yen rallies on reports of currency intervention following the Bank of Japan’s hawkish tilt

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