Market might be freaking out by the pause letter signed by numerous employees of the labs. A pause means less demand for DC components obviously
Warsh is a good speaker, he is doing Trump bidding but elegantly and does make some sense on the changes he is trying to make
People on the timeline misunderstand Warsh, he can't hike so he spoke to create more uncertainty and have the market do the tightening for him.
If the stock market stop going up I think inflation is not going to be a problem for very long once oil is managed
Not much clue tbh, Warsh didn't bring much good news to the market but we already sold off substantially before the meeting so what now?
My pov is he was put there under the condition there will never be a hike
So ofc when inflation is higher than target and you don't hike you have a difficult exercise
Trump appointment puppets everywhere why would it be diffrent with the fed chair?
Market was ok for about 15min ish into the presser, then Warsh got wobbly with questions and the market tanked