Warsh Fed To Focus More On Price Stability; Equities, With Huge Gains From Mar lows, Not Likely To Keep Tuning Out Risks Of Higher Rates
Post-FOMC statement last Wednesday, equities sold off, but only to recover quickly. Investors have been preconditioned to buy the dips, with repeated success. The difference this time is that prospects for higher rates are real. Federal Reserve Chairman Kevin Warsh … Continued