Warsh's Fed Appearance Triggers Market Volatility
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- Warsh's latest public appearance set off a bout of market volatility.
- The Federal Reserve chairman is under pressure to clear up mixed signals about his commitment to getting inflation down.
Why it matters: Markets moved on Warsh's words, and until he clarifies his inflation commitment, traders are left pricing mixed signals. The credibility cost falls on a Fed chair whose public comments just triggered a volatility bout.
