Bond traders doubt Warsh's inflation resolve after vague remarks
TL;DR
Fed chair Kevin Warsh’s press conference stressed a 2% inflation goal but offered few concrete actions or forward-looking guidance, prompting a bond-market sell-off as longer-term yields climbed and investors questioned the near-term tightening path and Warsh’s credibility on delivering lower inflation.
- Why the bond market is doubting Fed chairman Kevin Warsh Axios
- Markets Challenge Warsh’s Approach to Taming Inflation The New York Times
- Don’t freak out about Kevin Warsh’s ‘credibility’ CNN
- Opinion | The Fed held rates steady, but Kevin Warsh is serious about inflation The Washington Post
- Analysis: Fed Chairman Warsh's credibility in question after leaving interest rates unchanged CNBC
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