Fed Chair Kevin Warsh opens a hawkish tone in his speech:
1. Inflation has improved, but underlying trends remain sticky.
2. The Fed remains firmly committed to its 2% PCE target.
3. The economy remains resilient, with healthy spending, stable jobs, and rising business investment.
4. Financial conditions may not be restrictive enough.
5. A “good majority” of Fed officials favored waiting before changing rates.
Warsh is signaling that rate cuts may not come easily.
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#WarshSaysInflationIsFedTopFocus
1. Inflation has improved, but underlying trends remain sticky.
2. The Fed remains firmly committed to its 2% PCE target.
3. The economy remains resilient, with healthy spending, stable jobs, and rising business investment.
4. Financial conditions may not be restrictive enough.
5. A “good majority” of Fed officials favored waiting before changing rates.
Warsh is signaling that rate cuts may not come easily.
By the way Stop Shorting $BTC $SOL $ETH
#WarshSaysInflationIsFedTopFocus
