Kevin Warsh’s first policy meeting as Federal Reserve chair is being met with a sharp repricing in markets, where traders now assign a meaningful probability to an interest-rate increase rather than a cut, as inflation proves stickier than expected.
Kevin Warsh’s first policy meeting as Federal Reserve chair is being met with a sharp repricing in markets, where traders now assign a meaningful probability to an interest-rate increase rather than a cut, as inflation proves stickier than expected.
In Britain, my mortgage is already in therapy and the supermarket owns my wages. So yes, Warsh, enjoy your inflation epiphany.