Kevin Warsh’s Fed message tests India’s valuation premium
Kevin Warsh’s first Jackson Hole speech as Fed chair revives a question for global investors: how much to pay for growth as the Fed signals inflation still matters more than markets may want.
Kevin Warsh’s first Jackson Hole speech as Federal Reserve chair has put a familiar question back on the table for global investors: how much should they pay for growth when the world’s most important central bank is signalling that inflation still matters more than markets may want?For India, the…