Will New Fed Chair Kevin Warsh Shock the Market and Deliver a Surprise Rate Hike at the Fed's July Meeting?
A portion of market participants expect the Fed to move forward with a rate hike at the conclusion of its July meeting.
Overview
The Federal Open Market Committee’s (FOMC) July meeting has officially begun and will conclude on Wednesday, July 29, with a decision on interest rates, followed by a press conference with new Fed Chair Kevin Warsh.
It will only be Warsh’s second meeting as chair, but a lot has already happened in his tenure.
Details
Warsh has already begun to pull the Fed away from the stock market by making it clear he intends to provide much less forward guidance. Warsh has also created several new task forces to examine major potential changes in how the Fed conducts its business.
Source
Originally published at www.fool.com.
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