Nick Timiraos|Jul 30, 2026 03:13
Warsh's press conference generated more-than-the usual market reaction, and it was as much about what he didn't say than what he did (or what the Fed did):
"I don't think it's sustainable, what he's doing, in terms of not saying anything," says Loretta Mester, who spent a decade voting on Fed policy. "I actually want more from my Fed. I want to feel comfortable that the Fed knows what it is doing." https://www.wsj.com/economy/central-banking/kevin-warsh-asked-the-market-to-speak-it-answered-c5b589f9?st=iksScA&reflink=desktopwebshare_permalink(Nick Timiraos)
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