Dollar reaction muted after Warsh warns on possible rate increases
MUFG’s Derek Halpenny says the dollar’s rise has been relatively muted after Federal Reserve Chairman Kevin Warsh’s Friday speech warning rates may need to be raised if inflation doesn’t return to target.
0815 ET - The dollar's rise has been relatively muted in response to Federal Reserve Chairman Kevin Warsh's speech on Friday, where he warned of a potential need to raise interest rates if inflation didn't return back down to target, says MUFG's Derek Halpenny.
This makes sense given investor's cau…