None
EN
Warsh welcomes yield spikes as 'change for the better'
['Staff Writer', 'Kyle Campbell Covers The Federal Reserve', 'Housing Policy For American Banker. Previously', 'He Wrote About Institutional Investment In Real Estate...', 'Originations Editor', 'Capital Markets Editor', 'Technology Reporter']
The Latest
Key insight: Federal Reserve Chair Kevin Warsh hailed rising market interest rates between Federal Open Market Committee meetings as a positive development.
Federal Reserve Chair Kevin Warsh hailed rising market interest rates between Federal Open Market Committee meetings as a positive development.
Expert quote: "Market participants are learning to play the ball, not the referee, and market prices will continue to respond in the direction and magnitude they see fit.
— Federal Reserve Chair Kevin Warsh Forward look: Warsh's comments suggest he will be steadfast in his commitment to limited communication, even if it creates volatility in markets.
WASHINGTON — Federal Reserve Chair Kevin Warsh said his limited approach to communication might have contributed to record jumps in Treasury yields since the Fed's June monetary policy meeting.