Bond traders are testing Kevin Warsh: The Fed chair will heed—but not be ruled by—them, says an economist who spent years sitting next to him
"He wants the Fed to think in terms of the bigger picture ... and people are finding that frustrating, but I think he's been very, very clear."
"He wants the Fed to think in terms of the bigger picture ... and people are finding that frustrating, but I think he's been very, very clear."
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Why it matters
This commentary on Fed Chair Kevin Warsh's approach to bond traders offers insight into monetary policy dynamics but does not constitute a direct policy signal or market-moving event.
Sources
Fortune
Bond traders are testing Kevin Warsh: The Fed chair will heed—but not be ruled by—them, says an economist who spent years sitting next to him
"He wants the Fed to think in terms of the bigger picture ... and people are finding that frustrating, but I think he's been very, very clear."