Rabo On Regime-Change At The Fed: What Warsh Can (And Should) Do First

Rabo On Regime-Change At The Fed: What Warsh Can (And Should) Do First The honeymoon period for Warsh is over. The FOMC could have given him the professional courtesy of allowing him to settle in, but in recent weeks several Committee participants have staked out their position. They want to drop the FOMC’s easing bias and instead take a more neutral stance. This means it will be more difficult for Warsh to convince the Committee of cutting rates anytime soon. Against that in...

By Tyler Durden