Morgan Stanley believes that Wosh will bring long-term structural change risks, further amplifying volatility in the U.S. bond market.

Golden Finance reports that on April 28, Morgan Stanley analysts said that Kevin. Wosh’s nomination to serve as the Federal Reserve Chair is likely to be confirmed. This could bring long-term risks of structural change and may increase volatility in the U.S. Treasury market. A team led by Matthew Hornbach noted that under Wosh’s leadership, the Fed may adopt new inflation indicators, reduce forward guidance, and push to shrink the size of the balance sheet. These changes “could increase volatility between each FOMC meeting.” Wosh himself indicated during congressional testimony last week that the central bank’s “policy operational approach will undergo a structural change.”(Dongxin News Agency)

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