Dow Jones hits record high as Kevin Warsh takes Fed chair
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Kevin Warsh
USA
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Bond Market Reacts to Fed's Stance on Inflation
Investors sold off 30-year Treasury bonds following Fed's decision to hold rates. Yields rose to 19-year highs amid concerns over Fed's inflation-fighting credibility. Market skepticism regarding Chairman Kevin Warsh's policy strategy.
Related book
The Lords of Easy Money: How the Federal Reserve Broke the American Economy
Author: Christopher Leonard
This book provides a critical look at the Federal Reserve's decision-making processes and the long-term consequences of unconventional monetary policies, which is essential for understanding the market's reaction to new leadership and interest rate expectations.
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