Federal Reserve Chairman Warsh's Press Conference Causes Market Volatility
Former St. Louis Fed President James Bullard criticized Federal Reserve Chairman Kevin Warsh's press conference, describing the market reaction in the 30-Year Treasury as concerning and 'nerve wracking' for a central banker. Bullard suggested that Warsh should have provided more flexibility regarding September policy decisions, noting that markets responded negatively to the messaging delivered.
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Warsh Presser ‘A Little Bit Rocky,’ Says James Bullard
Former St. Louis Fed President James Bullard criticized Federal Reserve Chairman Kevin Warsh's recent press conference, describing market reactions as concerning. Bullard indicated that Warsh should have provided more flexibility regarding September policy decisions, but markets responded negatively to the messaging delivered.
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