Kevin Warsh Still Won’t Say What Comes Next for Fed
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The reason borrowing costs are going up is more complicated than the inflation story getting all the attention.
The new Fed chairman raised the burden of proof for holding, reaffirmed a firm 2% PCE target, and told markets to stop treating his speeches as a trading manual.
Markets now price roughly a 57%–58% chance of a Federal Reserve rate hike in September, up sharply after Fed Chair Kevin Warsh’s hawkish Jackson Hole
Fed Chairman Kevin Warsh flagged token prices as a window into AI's economics.
Federal Reserve Chair Kevin Warsh said measures of inflation are still elevated, but it is not yet clear that the Fed must take action to address rising prices.
(Fixes name of podcast to Rapid Response in paragraph 16) By Michael S. Derby and Howard Schneider JACKSON HOLE, Wyoming, Aug 28 (Reuters) - Federal Reserve Chairman Kevin Warsh's disdain for signaling anything about the monetary policy outlook appeared to have tempered a bit on Friday in the face of a bond market clamoring for his thoughts on high inflation and what he might do about it.
The formerly drama-free investment vehicle, U.S. government debt, is now causing some concern.