Trump's recent announcement that he would nominate Federal Reserve critic Kevin Warsh to run the US central bank has sparked sharp turbulence across financial markets, particularly in precious metals. Market observers noted that the sell-off went beyond simple profit-taking and was driven by concerns over a potential shift in US monetary policy. Mr Warsh, a former Federal Reserve governor, has long been perceived as hawkish on liquidity, particularly with regard to quantitative easing (QE). Mr Warsh, a former Fed governor, is widely viewed as a policy hawk, placing greater emphasis on fiscal discipline and financial stability than on aggressive monetary stimulus. At the same time, investors believe that Mr Warsh is unlikely to bow to political pressure from Trump.

Source: Bangkok Post February 02, 2026 22:43 UTC