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Warsh Signals Hawkish Fed Ahead | Raleigh News
Federal Reserve Chair Kevin Warsh delivered a firm warning on inflation in his first major speech since taking the helm, signaling a more aggressive stance that’s already rattled markets. With traders now pricing in a 60% chance of a quarter-point rate hike next month — up from 35% — Warsh emphasized that underlying inflation hasn’t cooled enough and that the Fed won’t wait for it to hit its 2% target. While some economists still see signs of cooling, the market is leaning into Warsh’s hawkish view. He also hinted at abandoning explicit rate guidance, calling it a “hall of mirrors,” and noted…
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