🚨 KEVIN WARSH JUST STOPPED MARKETS FROM CRASHING Everyone was expecting an ultra hawkish Fed, but Kevin Warsh did the opposite. He clearly stated that inflation is very high, but he didn't confirm a December rate hike. Kevin Warsh said consumers are suffering, but he also said the Fed has no firm conclusion about the future's monetary policy. Kevin Warsh also highlighted the growing economy and decent job market as a way of saying that the economy is strong. But why is the Fed not becoming too hawkish? The reason is that a big part of inflation is due to geopolitical war, which the Fed can't control. And hiking too aggressively here could kill the demand, which will push the economy into recession.