If the Fed dawdles, the risk is that market participants will judge Fed chairman Kevin Warsh’s tough talk as “all hat, no cattle”.

Fed Chair Kevin Warsh warns of 'persistently elevated inflation' despite June CPI falling to 3.5%, with half of FOMC members expecting rate hikes in 2026.

If the Fed dawdles, the risk is that market participants will judge Fed chairman Kevin Warsh’s tough talk as “all hat, no cattle”.