Fed Chair nominee Warsh says rate decisions are very hard calls

Fed Chair nominee Warsh's comments underscore the complexities of making rate decisions amidst shifting economic conditions.

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When interest rates were at zero, the balance sheet was booming, and says relative to that, he sounded hawkish.

Context

His hawkish tone suggests he may advocate for tighter monetary policy relative to the previous environment of low rates, which could impact market expectations for future rate hikes, particularly for the USD and fixed income instruments.

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