6 Words From Fed Chair Kevin Warsh That Will Define This Era of Wall Street
Warsh is early in his tenure as the new chair of the Federal Reserve's Board of Governors, but investors are awaiting big changes.
Overview
Prior to his confirmation, many investors expected new Federal Reserve Chair Kevin Warsh to be dovish, especially on interest rates. The theory was Warsh would point to productivity gains driven by artificial intelligence to argue for lowering interest rates.
But less than two months in, Warsh has thus far adopted a more hawkish stance, leading investors to fear that interest rate hikes could be coming if inflation data doesn't improve.
Details
These six words from Warsh will define this era of Wall Street.
Source
Originally published at www.fool.com.
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