Complicating the rates outlook is a likely shift in the Fed's comms. Warsh says officials talk too much and box themselves in
That creates a self-reinforcing loop, Warsh believes. Instead of giving an independent judgment on the state of the economy, markets reflect what the Fed has signaled
Colby Smith
As Warsh gets sworn in, the case for cuts has evaporated. Fed officials have embraced the possibility of hikes, sending Treasury yields higher
Pushing for cuts would both isolate Warsh from his new colleagues and risk higher, not lower, long rates www.nytimes.com/2026/05/22/u... @nytimes.com
