WARSH AND PEACE: THE FED MEANS BUSINESS

The market is underestimating the seriousness of Warsh and the FOMC's resolve

WARSH AND PEACE: THE FED MEANS BUSINESS

During today’s FOMC press conference, I was chatting with a buddy who was getting updates from his equity sales coverage trader.

“It’s more dovish than expected.”

“He’s going to delay any action with all these committees so he can come up with a way to manipulate inflation readings lower.”

“Non-event.”

I was like, huh…