Fed Chair Warsh (Q&A): Asked about whether a rate cut was discussed: said there was one proposal on the table, very little discussion on it, no discussion on any other proposals
Fed Chair Warsh (Q&A): We have given markets a new chapter for the central bank, this is a lot of change for financial markets to digest; won't be particularly intrigued by how markets react in first minutes or days
Fed Chair Warsh (Q&A): Asked about move higher in 2yr yields since FOMC, says he does not comment on market reactions over the last hour
Fed Chair Warsh (Q&A): Asked about whether a rate cut was discussed: said there was one proposal on the table, very little discussion on it, no discussion on any other proposals
Fed Chair Warsh (Q&A): Most of data central banks consumer comes with old-fashioned surveys; would be open minded if Fed data taskforce have recommendations on how to improve official statistics
Fed Chair Warsh (Q&A): Commitment to deliver on inflation is strong and unanimous
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- It was a good internal debate. Had a good family fight on it.
- We are not outsourcing decisions.
- Task forces will make recommendations.
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