Business & Economy · 2 views
The hawk Fed Chair who broke the bond market?
Kevin Warsh may be the most hawkish Federal Reserve chair since Paul Volcker. That’s a compliment in some circles.
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Summary
Kevin Warsh may be the most hawkish Federal Reserve chair since Paul Volcker. That’s a compliment in some circles. It’s also a warning. Volcker beat inflation, but he broke things on the way, and the bond market is now finding out what Warsh might break.
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