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Benzinga
Benzinga
Business
Piero Cingari

Warsh Triggers Market Roller-Coaster As Hawkish Inflation Vow Hits Stocks

Federal,Reserve,Chair,Kevin,Warsh,Delivers,Remarks,At,His,Swearing-in

For a few minutes, Wall Street thought it knew the script.

The Federal Reserve left interest rates unchanged at 3.50%-3.75% in a notable 9-3 vote split. The policy statement offered few surprises. Stocks initially moved higher, suggesting investors saw little reason to rethink the outlook.

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