No Forward-Looking Guidance Needed: Fed Chair Kevin Warsh Just Outlined His Inflation Plan in 9 Words
The bond market is telling quite a tale for those willing to listen.
Overview
This has been a history-filled year on Wall Street, and there are still nearly five months to go. We've watched the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) launch to new highs, and borne witness to the largest initial public offering in the stock market's storied history.
But the milestone moment that's reverberated throughout Wall Street is Kevin Warsh being sworn in as only the 17th chair since the Federal Reserve's founding in December 1913.
Fed Chair Kevin Warsh is making significant changes at the central bank. Image source: Official Federal Reserve Photo.
Details
Source
Originally published at www.fool.com.
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