Fed Chair Kevin Warsh Has Held Rates Steady in Back-to-Back Meetings Since Taking Over in 2026. What His Cautious Start Means for Markets.
The Fed seems to be on hold this year as Warsh rethinks how it operates.
Overview
Kevin Warsh is sending mixed signals to the market.
The new Federal Reserve Chair, who took the position in May, came to the central bank sounding like a monetary policy hawk. That is, he has emphasized the Fed's mandate for low and stable inflation rather than its mandate to achieve maximum employment.
Federal Reserve Chair Kevin Warsh. Image source: Federal Reserve.
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Source
Originally published at www.fool.com.
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