By Joseph Adinolfi and Christine Idzelis
Stocks and bonds swung wildly on 'Fed Day' as the 30-year Treasury yield hit 5.10%. Fed pause in next three meetings at 44% YES.
Kevin Warsh, who began his role as chairman of the Federal Reserve in May, said Wednesday officials have “no tolerance for persistently elevated inflation.”
The Dow fell over 2% after the conference.