Warsh Seen by Markets as Seasoned Candidate to Lead US Treasury [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
Most Read from Bloomberg That's how some strategists are reading the tea leaves from a rally in Treasuries Monday, following news that Warsh is a new candidate to take the Treasury's helm next year. The reporting “may have been a big factor” in the rally that began Monday, Deutsche Bank AG's Jim Reid told clients in a note. Commerzbank AG's Christoph Rieger similarly attributed the recovery to hopes Warsh gets the job. While the president-elect quickly announced foreign and security policy posts, the Treasury search has slowed amid infighting over the decision. Along with Warsh, Trump's list of potential candidates for the job include money managers Scott Bessent and Marc Rowan, along with Tennessee Senator Bill Hagerty, people familiar with the matter have told Bloomberg. If nominated by Trump and confirmed by the Senate, one of Warsh's top roles would be overseeing the $28 trillion in US government debt. Unlike some of the incoming president's more unorthodox cabinet picks, w
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