A new Fed Chair who has no compass and therefore offers no compass?! Haha. I think rates would only go up to combat inflationary pressures
M
Jackson Hole: 10 AM ET – Warsh's Words Could Move Markets.
PCE at 3.7% beat expectations unexpectedly, pushing the probability of no rate hike in September from 35% to 66%. Since Walsh took office, forward guidance has been scrapped and the dot plot abolished...
