The possible nomination of Kevin Warsh as the next chair of the US Federal Reserve could have far-reaching consequences for South Africa and other emerging markets, an expert has warned, as global investors reassess the future direction of US monetary policy. Kristof Kruger, senior fixed income trader at Prescient Securities, said on Friday that the US Federal Reserve plays a decisive role in shaping global interest rate trends, with direct spillover effects for countries such as South Africa. [...]