Warsh was for being tight on interest rates in 2007 and being loose now. Let's just note it as an oddity and not castigate.

The U.S. dollar strengthened, signaling the market's approval of Warsh's credibility and perceived autonomy, but safe-haven assets gold and silver plummeted.

The U.S. dollar strengthened, signaling the market's approval of Warsh's credibility and perceived autonomy, but safe-haven assets gold and silver plummeted.

Warsh was for being tight on interest rates in 2007 and being loose now. Let's just note it as an oddity and not castigate.

The prospect of a Fed chair determined to shrink asset holdings may not be the risk-off moment for the market that it appears to be.