Fed Chair Warsh Signals New Direction, Makes Dovish Comments at ECB Forum
By
Tyler Durden
Summary
New Fed Chair Warsh spoke at the ECB Forum in Sintra, avoiding clear forward guidance on rates but signaling a new direction for the Fed. He made two dovish comments during the Q&A panel discussion, and noted that the AI boom is most prominent in the US, stating he would rather have the problem of massive capex spending than the alternative. He indicated FOMC members will have a significant debate at the July meeting.
Source
Twitter / XFed Chair Warsh Signals New Direction, Makes Dovish Comments at ECB Forumzerohedge.comKey quotes
· 3 pulledFOMC members will have a good family fight at the July meeting.
The boom is showing itself most prominently in the US.
I would rather have the problem of massive capex spending to invest in than the alternative.
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