Fed Chair Warsh said to announce more task force details in coming weeks - NYT [**Note: Warsh set to speak at ECB's Sintra conf at Wed,
** Note: The significance is that markets may read the details as a signal of how aggressively Warsh wants to reshape Fed operations, especially the $6.7T balance sheet, but near-term policy was unchanged: the Fed held rates at 3.5%-3.75%, and recent projections were not clearly dovish. This is broadly in line with recent expectations that Warsh would pursue institutional reform while avoiding an immediate rate-cut pivot.
** Note: The significance is that markets may read the details as a signal of how aggressively Warsh wants to reshape Fed operations, especially the $6.7T balance sheet, but near-term policy was unchanged: the Fed held rates at 3.5%-3.75%, and recent projections were not clearly dovish.
This is broadly in line with recent expectations that Warsh would pursue institutional reform while avoiding an immediate rate-cut pivot.