Kevin Warsh wants investors to watch the economy, not the Fed.
But after two of his deputies stepped in, the probability of an October rate hike fell to around 25% from 70% ahead of new data releases.
Weaning the markets off Fed signals is harder than it sounds www.wsj.com/economy/cent...
wsj.com
Why Weaning Markets Off Fed Speak Is Harder Than It Sounds
Kevin Warsh wants investors to focus on the economy and not the Fed. Last week, his top lieutenants stepped in to reset bets on an October rate increase.