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): Committee spoke on productivity and AI, perhaps it is an important change in the economy, filled with opportunity and risk.
Fed Chair Warsh (Q&A): Met with Bessent three times so far, weekly meetings with Bessent are very useful
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 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
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- Markets and public must know Fed will deliver on price stability.
- Need to make sure changes in oil, eggs, beef etc. do not broaden into the eeconomoy.
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