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The FOMC decision is in … what Warsh signaled … why the market’s inflation relief may be premature … the curveball every new Fed chair faces …
As I write on Wednesday in the wake of new Federal Reserve Chairman Kevin Warsh’s press conference, markets are selling off as investors process Warsh and his changes at the Federal Reserve.
The quick read on Wall Street appears straightforward: Warsh wasn’t as dovish as the market wanted.
Meanwhile, what Warsh did say – and what he deliberately didn’t – told you everything about where this chairmanship is headed.
