Doug Noland·2026-06-20·via All Articles on Seeking Alpha
Summary
Listening intently to Kevin Warsh's post-meeting press conference was a reminder of why I admired Fed Governor Warsh and was disappointed to see him leave the institution.
Two-year Treasury yields surged 13 bps in post-press conference Wednesday trading - the largest jump since April 9th, 2025.
Markets are pricing a 4.03% policy rate at year-end - with a 4.14% peak rate at the March 2027 FOMC meeting.
The Warsh Fed might orchestrate a tightening, with a focus on containing both inflation and precarious financial excess.
Douglas Rissing/iStock via Getty Images
He was impressive. Listening intently to Kevin Warsh's post-meeting press conference was a reminder of why I admired Fed Governor Warsh (2006 to 2011) and was disappointed to see him leave the institution. The new Chair conveyed complete
