BUSINESSFORTUNE
Wall Street is panicking over Kevin Warsh’s patience
Kevin Warsh, as Fed chairman, faced market backlash after indicating no immediate rate hikes, leading to a surge in bond yields and a sharp decline in equities. Traders priced in delayed rate increases and higher inflation risks, while Warsh emphasized relying on market signals over forward guidance.
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Adjacent reporting
- Kevin Warsh showed that he’s decisively not Trump’s ‘sock puppet’—and markets didn’t like it
- Markets are set for a much more hawkish Warsh Fed than expected
- Warsh wants to listen to markets more. Morgan Stanley says markets may regret it.
- Bond Market’s Warsh Trade Falls Apart as Oil Fans Inflation Risk