Story thread · 265 reports / 141 sources

‘Talk Is Cheap’: Wall Street Delivers Harsh Verdict on Warsh Fed

bloomberg.com · 12dShare

It had been just six weeks since Federal Reserve Chairman Kevin Warsh vowed to reestablish the central bank’s reputation as an inflation fighter. But as he took to the podium to explain why the Fed again sat on the fence Wednesday — and held interest rates steady even as consumer prices keep rising far faster than its target, month after month — Wall Street analysts found the message far from reassuring.

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