Keep pulling the thread on Kevin Warsh.
Following the Federal Reserve's announcement, the 2-year Treasury yield rose by 13 basis points to 4.18%.
Federal Reserve Chair Kevin Warsh is appointing five task forces to review Fed communications, the Fed's balance sheet, use of data sources, productivity and jobs, and inflation frameworks.
Federal Reserve Chair Kevin Warsh believes financial markets perform best when they react to incoming economic data directly, rather than trying to predict the Federal Reserve's reaction to that data.
Federal Reserve Chair Kevin Warsh stated that the central bank's inflation target is 2%, not "2 and something," reaffirming a strict commitment to the goal.
Nine members of the Federal Open Market Committee are in favor of a rate hike, a number substantially higher than the pre-meeting expectation of three to six members.
For the first time, the Federal Reserve did not disclose the vote count for its policy decision.
The Federal Reserve's statement under new Chair Kevin Warsh was 131 words, a significant reduction from the 341 words in the prior April FOMC statement.
Federal Reserve Chair Kevin Warsh expects the newly appointed task forces to begin work in the next couple of weeks, start providing information in the fall, and conclude their work by year-end.
Jim Bianco of Bianco Research believes the Federal Reserve's communication style, which is about 20 years old, needed to be changed.
Jim Bianco of Bianco Research believes the Federal Reserve should follow signals from financial markets rather than relying on its own inaccurate forecasts, such as the dot plot.
Kate Moore of Citi believes the Federal Reserve has overshot its inflation target for the past five years.
Stephanie Roth of Wolfe Research believes Fed Chair Kevin Warsh's first meeting demonstrated the independence of the Federal Reserve from political pressure.