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🚨 🇺🇸 Warsh says inflation is too high and the Fed is ready to act, but gives no December signal
🚨 🇺🇸 Warsh says inflation is too high and the Fed is ready to act, but gives no December signal
- 🇺🇸 Fed Chair Warsh said inflation is too high, it is the Fed's job to bring it down and keep expectations anchored, and the Committee has shown its readiness and willingness to act ()
- 🇺🇸 He gave no signal on a December move, saying more information will help set the right stance, and said he could not call financial conditions tight
FO view: Warsh's words are hawkish on inflation but he gave no commitment to a December hike, so the presser reads softer than the two hike dissents and takes some heat out of the front end after the hawkish hold.
Not investment advice.