Stocks Sink, 10-Year Yield Reclaims 5% as Warsh Delivers His Hawkish Show
The Dow fell more than 1% and gold swung nearly three points as the new Fed chair reiterated fight against inflation.
Economy · News reference
Fed Chair Warsh Says What Happened In 7 Weeks Since We Last Met, Data Has Shown Economy Has Strengthened; Inflation Trends Were Not Passing Test And Seen Little To Change That; My Colleagues Are Hard Pressed To Describe Financial Conditions As Restrictive; We Decided To Remove A Dose Of Accommodation; I've Always Been Interested In A Neutral Rate Academically, But Don't See It Having An Operational Effect On Decisions Today
https://www.youtube.com/watch?v=D_5bQnxxWAE
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https://www.youtube.com/watch?v=D_5bQnxxWAE