With Just 6 Words, Fed Chair Kevin Warsh Demolished Expectations. "It's Hard to

Late last week, new Federal Reserve Chair Kevin Warsh led his first meeting of the agency that sets monetary policy and is tasked with controlling inflation.

Although Warsh previously served on the Fed's Board of Governors from 2006 to 2011, his nomination for the top job was contentious. Critics worried that he would defer to President Trump's wishes and cut interest rates, regardless of the impact those cuts might have on inflation.

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But in a six-word statement, Warsh sent a clear message to his critics, to the markets, and to President Trump, who expressed disbelief. Here's what he said and what it means for investors.

Warsh didn't pick an easy time to assume the role of Fed chair.

Some economic indicators are relentlessly positive. The S&P 500 continues to set new record highs. Recent jobs reports have exceeded expectations. Artificial intelligence spending is showing no signs of slowing down.

On the othe

Fuente original: Yahoo Finance (https://finance.yahoo.com/economy/policy/articles/just-6-words-fed-chair-112000094.html)