Loading ...“The Kevin Warsh Era Has Arrived With A Bang”: Wall Street Reacts To Warsh’s First FOMC
Below is a snapshot of several kneejerk reactions from some Wall street economists, strategists and traders:
https://www.zerohedge.com/markets/wall-street-reacts-warshs-first-fomc
“If the message is consistent, the challenge will be execution. Policy still appears restrictive for housing but permissive for financial markets, a tension that will test this new framework.”
https://x.com/DrJStrategy/status/2067348424757027154
Such irony, New Fed governor just might be the source of the pin that pops the bubble/
yup …
…. He held steady while making clear the Fed does not want to be trapped by its own language.
Forward Guidance Became Strategic Leakage
Forward guidance no longer just informs investors. It tells hedge funds, foreign central banks, commodity producers, Treasury counterparties, and rivals how the dollar issuer may move before it moves. In a calm world, that reduces volatility. In this world, it gives away the playbook.
Warsh may be removing guidance because the next phase requires surprise
https://x.com/onechancefreedm/status/2067439926082175426