JPMorgan economists criticized Fed Chair Kevin Warsh’s recent FOMC performance, saying a lack of forward guidance and shifting inflation targets created uncertainty and destabilized bond markets.
Calling the incident the most troubling since 2012, economists said Warsh’s recent press conference raised concerns about the central bank’s inflation-fighting credibility. As a result, the bank moved forward its forecast for the next U.S. interest rate hike, now expecting it as early as December 2026 instead of the second half of 2027, reported MarketWatch on Monday.
