Warsh Rocks Bond Market in Debut, Sparks Surge in Hike Bets

Traders piled into betting on interest-rate hikes as soon as next month after Kevin Warsh used his debut press conference as Federal Reserve chairman to make clear the central bank won’t tolerate high inflation. Jennifer Lee, Senior Economist at BMO Capital Markets, discusses the FOMC decision and what she expects to see as Kevin Warsh settles in as Fed Chair. (Source: Bloomberg)