BUSINESSFORTUNE
Kevin Warsh showed that he’s decisively not Trump’s ‘sock puppet’—and markets didn’t like it
Kevin Warsh, confirmed as Federal Reserve chair, emphasized a hawkish stance on inflation during his first press conference, rejecting dovish arguments and keeping benchmark rates unchanged. Markets reacted negatively, with stock indices falling and Treasury yields rising, as Warsh reiterated the Fed's commitment to price stability.
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