OUR VIEW: A new rhythm at the Fed – What makes Kevin Warsh “tick”?
With Kevin Warsh at the top of the Federal Reserve, a potential paradigm shift in monetary policy is on the horizon. Less focus on managing expectations, more trust in market prices – and thus potentially greater uncertainty for investors. What does this approach mean for inflation, interest rates, and the markets?
In the latest edition of OUR VIEW, we analyze how the monetary policy mindset is changing under Warsh – and what implications this has for the global financial architecture. Other topics:
- AI in the real world: The next phase of artificial intelligence is beginning – with its integration into physical systems such as robots, machines, and vehicles. What economic dynamics will result from this?
- Impact Investing / Microfinance: Insights into specific projects and their impact: The Social Impact Report 2025 highlights the social dimension of investments and their measurable effects.
- Focus on Sustainability: A concise summary of the key insights and discussion points from the Erste AM Sustainability Conference 2026.
- Market Overview & Allocation: Current assessment of stocks, bonds, and commodities, taking into account current global risks
Please note that investing in securities involves risks in addition to the opportunities described.
Overview of the articles
Read commentary about fed
Social impact made visible: microfinance projects in 2025
Integrating AI with real-world systems: robots, machines and vehicles
“Back to the Future” – 25 years of sustainable investing
Outlook for the global economy and financial markets
Authors
Alexander Lechner
Head of Multi Asset Management
Gerhard Beulig
Senior Professional Fund Manager
Philip Schifferegger
Senior Professional Fund Manager
Christoph Eckart
Head of Desk Mikrofinance
Dieter Kerschbaum
Communications Specialist
Gerhard Winzer
Chief Economist
Christian Süttinger
Senior Fund Manager
Bernhard Selinger
Senior Fund Manager
Julia Panic
Marketing Specialist
Contact
Erste Asset Management GmbH: Am Belvedere 1, A-1100 Vienna
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Editorial deadline: 15/06/2026
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