Fed Chair Warsh credibility questioned as markets reject rate stance

Markets sharply lowered odds of future Fed hikes after Kevin Warsh's press conference, despite his hawkish posture. FOMC voted 9-3 to hold rates steady. Investor skepticism of Warsh's inflation-fighting credibility grows. Bond yields and borrowing cost expectations diverging from Fed guidance.

Fed Chair Warsh credibility questioned as markets reject rate stance

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