Stocks Sink, 10-Year Yield Reclaims 5% as Warsh Delivers His Hawkish Show
Federal Reserve Chair Kevin Warsh spent his first post-hike press conference reiterating the Fed’s battle against inflation, and stocks gave back the entire session’s advance while he did it. “Today’s action starts to show we are serious about this,” Warsh said. “And we will deliver on the price stability objective, an