Fed Chair Warsh Says Financial Conditions Are Not ‘Tight’
Federal Reserve Chairman Kevin Warsh said financial conditions have tightened for some businesses and households, while the September rate hike is only beginning to affect an economy with inflation still above target.
By David UbertiFederal Reserve Chairman Kevin Warsh said Wednesday that the central bank's September rate hike is only starting to have an impact on an economy where inflation is still running above target. Financial conditions "have tightened for some businesses and households, much as we'd expect…