New Bulls… Familiar Fed
The wait is finally over. In his first meeting as Federal Reserve chair, Kevin Warsh asserted his anti-inflation bona fides. The Fed kept rates unchanged, and Warsh’s words came…
Written byAdam O'DellSource: Money & Markets
The wait is finally over. In his first meeting as Federal Reserve chair, Kevin Warsh asserted his anti-inflation bona fides. The Fed kept rates unchanged, and Warsh’s words came across as decidedly hawkish. When forced to choose between higher-than-ideal inflation or higher-than-ideal unemployment, the Fed will err on the side of higher inflation every time. […]
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