Warsh has proven to be an unreliable operator, spouting all sorts of excuses to avoid hiking rates, because his dear Master Trump wants it lowered instead.
At the last round, expectations were already rife that interest would go up because inflation in the USA was dire, especially with the Iran war. Then Warsh held interest rates steady, and the market did not meltdown from the failed gamble.
Now the story is "hawkish outlooks, expectations of interest rates hike", same rubbish... so is the market going to collapse if this gamble blows up?
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