New Fed Chair Kevin Warsh Recently Said 36 Words That Could Forever Change the Fed's Relationship With the Stock Market
Warsh hasn't been Fed chair long, but he's already shaking things up.
Overview
From the moment the Senate confirmed Kevin Warsh as the newest chair of the Federal Reserve's Board of Governors, most Fed watchers could clearly see that change was coming.
However, it wasn't clear just how quickly things could change until Warsh's first meeting as chair of the Federal Open Market Committee (FOMC), which sets monetary policy.
Details
Warsh took several notable steps at the FOMC's June meeting that have begun to lay the groundwork for what appears to be a clear-cut regime change. Warsh just said 36 words that could forever change the Fed's relationship with the stock market.
Source
Originally published at www.fool.com.
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