President Donald Trump's new Federal Reserve chairman is already losing credibility, and he's only been on the job for a few months. Bloomberg's Joe Weisenthal reported that Bank of America thinks that Warsh seems too relaxed about inflation, and it's making investors nervous. Employ America executive director Skanda Amarnath said that Warsh was hyping rate hikes for July and then backed out. However, "Less clarity created more uncertainty.⁣ ⁣Markets don't just listen to the Fed's actions. During COVID-19, we saw a surge of price hikes and inventory buy-ups, which caused constraints that eventually leveled out.