🩸DUMP:
Kevin Warsh gave a hawkish-leaning Jackson Hole speech today. The Federal Reserve confirms the Aug. 28 keynote, and Reuters reports Warsh said further action—including rate hikes—could be needed if underlying inflation doesn't return toward 2%.
His comments pressured markets / increased rate-hike expectations. Market reports describe stocks becoming volatile and Treasury yields moving higher after his remarks.
Warsh is tanking the markets today.
Kevin Warsh gave a hawkish-leaning Jackson Hole speech today. The Federal Reserve confirms the Aug. 28 keynote, and Reuters reports Warsh said further action—including rate hikes—could be needed if underlying inflation doesn't return toward 2%.
His comments pressured markets / increased rate-hike expectations. Market reports describe stocks becoming volatile and Treasury yields moving higher after his remarks.
Warsh is tanking the markets today.
