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

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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

Fed Chair Warsh (Q&A): We made changes today, expects more to come, and therefore those future changes would be worthy of press conferences

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  • Financial markets perform best when they react to data.
  • Financial market prices are the most important source of information to guide central bankers.
  • Financial markets act ess efficient when they are worried about how the Fed will react to the data.

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