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Warsh Takes the Wheel as Markets Bet the Fed Must Catch Up on Inflation

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Source: CNBC
Warsh Takes the Wheel as Markets Bet the Fed Must Catch Up on Inflation
Photo: CNBC
TL;DR

Bond traders believe inflation is running ahead of the Fed as Kevin Warsh takes over, suggesting policy may tilt toward tightening rather than further easing; Ed Yardeni argues the central bank may need to hike to curb inflation, while markets price in no rate cuts for the rest of the year amid inflation data showing a fresh uptick (CPI +3.8% year over year, wholesale +6%).

Topics:top-newseconomy#economy#ed-yardeni#fed#inflation#jerome-powell#kevin-warsh
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  1. Bond market believes Fed behind the curve on inflation as Warsh takes over  CNBC
  2. The bond market is already hiking rates as Kevin Warsh takes over as Fed’s new chair  MarketWatch
  3. From Cuts to Hikes: The Fed's Shifting Calculus  Yardeni QuickTakes
  4. Opinion | When inflation is already above target, shocks hurt more  The Washington Post
  5. Wall Street no longer believes Kevin Warsh can do what President Trump wants  Fortune

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