Warsh pledges to slow inflation to 2%, saying Fed may have ‘work to do’
The comments by Warsh prompted futures traders to increase the odds that policymakers next month will push up the main interest rate.
The comments by Warsh prompted futures traders to increase the odds that policymakers next month will push up the main interest rate.
BELLINGS Intelligence Score: 72
Why it matters
Warsh's comments signaling that the Fed may need to raise rates further to achieve 2% inflation materially shift market expectations for monetary policy, directly impacting borrowing costs and credit conditions.
Sources
CFO Dive
Warsh pledges to slow inflation to 2%, saying Fed may have ‘work to do’
The comments by Warsh prompted futures traders to increase the odds that policymakers next month will push up the main interest rate.