The Dow fell over 2% after the conference.
By Greg Robb and Joy Wiltermuth
The Fed held interest rates steady, but long-term Treasury yields jumped. Investors are questioning whether he will act forcefully enough on inflation.
The message from the bond market was clear: For all of US Federal Reserve Chairman Kevin Warsh’s tough talk about taming inflation, he’s not rushing fast enough to deliver.After the Fed kept interest rates unchanged for…
Fed holds rates steady amid dissent. Pause in next three meetings at 41% YES.
The US central bank left its policy rate unchanged and declined to provide any guidance about the outlook, so the bond market took matters into its own hands.
Kevin Warsh kept rates unchanged, but his rejection of a "soft" inflation target and new approach to Fed communication sent stocks, bonds, gold and the dollar swinging.
At stake is his ability to lead a committee that is gradually losing patience with high inflation. Read more at straitstimes.com. Read more at straitstimes.com.
The message from the bond market was clear: For all of US Federal Reserve Chairman Kevin Warsh’s tough talk about taming inflation, he’s not rushing fast enough to deliver.After…
By Jeffry Bartash and Joy Wiltermuth
