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Kevin Warsh
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- 1Kevin Warsh comment shifts Fed rate hike debate▼6 Words From Kevin Warsh Changed the Question From “Will the Fed Hike Rates?” to “How High Can Rates Go?”
A six-word remark by former Fed governor Kevin Warsh has altered market discussion around US monetary policy, moving the question from whether the Federal Reserve will raise interest rates to how far it might go. Commentators say the comment signals a more aggressive rate outlook than previously expected.
- 2Kevin Warsh comments lift October Fed rate hike expectations●⚡ NEWS Kevin Warsh's Statement Shifts Fed Rate Hike Expectations Federal Reserve Governor Kevin Warsh's pledge for price
Federal Reserve official Kevin Warsh pledged a strong commitment to price stability, prompting markets to sharply raise expectations of an October rate hike. Odds of a move jumped from 43% to 64%, and the shift coincided with movement in the 10-year Treasury yield, as investors recalibrated the outlook for monetary policy.
- 3Warsh Slams Fed's 2020 Framework Over Inflation Strategy▼Warsh Criticizes Fed’s 2020 Framework, Says It Wasn’t First Central Bank To Seek ‘A Little More Inflation And End Up With A Lot More’
Kevin Warsh, a leading candidate for Federal Reserve chair, criticized the Fed's 2020 monetary policy framework, which adopted average inflation targeting that allowed inflation to run above 2% to compensate for past shortfalls. He argued the Fed was not the first central bank to seek 'a little more inflation' only to end up with 'a lot more,' pointing to the post-pandemic inflation surge that peaked above 9% in the US. His comments have drawn attention as the Fed conducts a review of the framework.