Warsh Takes the Wheel as Markets Bet the Fed Must Catch Up on Inflation
TL;DR Summary
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%).
- Bond market believes Fed behind the curve on inflation as Warsh takes over CNBC
- The bond market is already hiking rates as Kevin Warsh takes over as Fed’s new chair MarketWatch
- From Cuts to Hikes: The Fed's Shifting Calculus Yardeni QuickTakes
- Opinion | When inflation is already above target, shocks hurt more The Washington Post
- Wall Street no longer believes Kevin Warsh can do what President Trump wants Fortune
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