Fed Chair Warsh's First Meeting Holds Rates Steady with Hawkish Future Outlook
By
Jared Bernstein
15d ago· 5 min readenInsight
Summary
The article analyzes Fed Chair Kevin Warsh's first Federal Reserve meeting, noting that while the committee held interest rates steady as expected, they adopted a more hawkish stance on future rate expectations. The "dot plot" projections show committee members expect higher rates this year and next. The author finds Warsh's debut fascinating, comforting, and worrisome, despite the chair saying little of substance.
Source
bskyFed Chair Warsh's First Meeting Holds Rates Steady with Hawkish Future Outlooknationalmemo.comKey quotes
· 4 pulledI found the new Fed chair's debut to be fascinating, comforting, and worrisome.
Chair Kevin 'Taskforce' Warsh ('Task' for short) talked a lot but said very little of note.
Not only did they hold rates steady, as expected, but there was a more hawkish tilt to their expectations re future rates.
Compared to their last meeting, the committee expects the interest rate they control to be higher both this year and next.
I found the new Fed chair’s debut to be fascinating, comforting, and worrisome. Which is in itself interesting because Chair Kevin “Taskforce” Warsh (“Task” for short) talked a lot but said very little of note. Here are my takeaways.What did the committee
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