U.S. markets sell off after Warsh says inflation still too high
Stocks slid and the 10-year Treasury yield settled above 5% for the first time since July 2007 after Fed Chairman Kevin Warsh said inflation remains “too high,” according to WSJ.
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'All Bark and No Bite': Peter Schiff Says Kevin Warsh Chose Inflation
The Federal Reserve held rates steady Wednesday, but the bond market pushed borrowing costs sharply higher, sending the 30-year Treasury yield to its highest level since 2007. Peter Schiff says the selloff exposed the gap between Kevin Warsh’s words and actions. “He can talk the talk, and he talked it again today, but