New Fed Chair Kevin Warsh made his first FOMC appearance this week, and his hawkish tone immediately poured cold water on markets, triggering a sharp repricing across global assets. The policy rate itself did not change. The Fed kept rates unchanged at 3.5%–3.75% for the fourth consecutive meeting, with a unanimous 12-0 vote
Fed Chair Warsh’s Debut: What Happens When Fed’s “Script” Changes?
New Fed Chair Kevin Warsh made his first FOMC appearance this week, and his hawkish tone immediately poured cold water on markets, triggering a sharp repricing across global assets. The policy rate itself did not change. The Fed kept rates unchanged at 3.5%–3.75% for the fourth consecutive meeting, with a unanimous 12-0 vote.
Has trading become harder in the second half of the year?
Was this just a false alarm, or the beginning of a more volatile regime?
Do you think rate-hike expectations will be reversed if oil prices continue to fall?
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