Kevin Warsh is dropping hints, and Wall Street is bracing for a rate hike
The Federal Reserve just made everyone nervous without actually saying much.
Kevin Warsh took the stage recently and decided that the best way to handle inflation is to make sure every trader in the country loses sleep. He spent a significant amount of time talking about how the current inflation is just too stubborn to ignore.
He didn't actually offer a roadmap or a date for when things might change, but the message was clear enough. Wall Street is now betting that higher interest rates are coming sooner rather than later. It is that classic game of reading between the lines where the lines are barely there, yet everyone starts moving their money around just in case.
Economic stability is apparently just a series of vague warnings given by guys in expensive suits.
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