Business & Finance
Citadel Securities’ Shah Says Markets Questioning Warsh’s Plans
Key Points
Citadel Securities’ Shah Says Markets Questioning Warsh’s Plans Federal Reserve Chairman Kevin Warsh is creating fresh uncertainty for investors by pledging to rein in inflation without explaining how he intends to do so, according to Citadel Securities. While Warsh has repeatedly said the central bank needs to tame consumer-price increases that have exceeded its target for five straight years, the Fed again left interest rates unchanged last week even as three policymakers favored an...
Citadel Securities’ Shah Says Markets Questioning Warsh’s Plans
Federal Reserve Chairman Kevin Warsh is creating fresh uncertainty for investors by pledging to rein in inflation without explaining how he intends to do so, according to Citadel Securities.
While Warsh has repeatedly said the central bank needs to tame consumer-price increases that have exceeded its target for five straight years, the Fed again left interest rates unchanged last week even as three policymakers favored an immediate increase.