Warsh Says U.S. Inflation Is Too High Signals Interest Rate
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“WARSH SAYS U.S. INFLATION IS TOO HIGH SIGNALS INTEREST RATE HIKES JACKSON HOLE”
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A 0.25% Fed rate hike adds ~$25/month to a new $200,000 adjustable-rate mortgage.
Warsh was one of the youngest Fed Governors ever, appointed at 35!
Kevin Warsh joined the Federal Reserve Board in 2006, navigating the 2008 financial crisis firsthand. That experience with economic shocks directly informs his perspective on U.S. inflation today.
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