<div id="readability-page-1">Markets may be underestimating the risk that a Kevin Warsh-led Federal Reserve turns more hawkish early in his tenure, according to a note from TS Lombard’s Dario Perkins, who argued that new Fed chairs have historically tended to tighten policy quickly to establish credibility. Perkins said Wall Street’s long-standing belief that “the market alway...</div>

<p>市场可能低估了由凯文·沃什领导的美联储转向鹰派的风险，正如 TS Lombard 的达里奥·帕金斯所指出的。他强调，新任美联储主席通常会迅速收紧政策以建立信誉，这表明华尔街对更温和政策的信念可能是错误的</p>

TS Lombard 表示，如果美联储转向鹰派，Warsh 可能会面临早期的市场 “考验”