Fed Chair Kevin Warsh talks a big game, but this market indicator will tell you if Wall Street trusts him after he caused a ‘credibility shock’
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Federal Reserve Chairman Kevin Warsh has been talking a big game for months about fighting inflation, but failure to signal an intention to follow through soon has Wall Street questioning his commitment to price stability.
Markets didn’t react immediately after the Fed announced no change to rates on Wednesday as investors had largely bet policy would remain steady. Instead, Warsh’s comments during his post-meeting press conference sparked a selloff in Treasuries that sent yields
Markets didn’t react immediately after the Fed announced no change to rates on Wednesday as investors had largely bet policy would remain steady. Instead, Warsh’s comments during his post-meeting press conference sparked a selloff in Treasuries that sent yields
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