BlockBeats reported on Sept. 10 that Nick Timiraos, often referred to as the "Fed whisperer," said investors came away from Warsh’s Jackson Hole speech believing the odds of a rate hike had increased. Still, Timiraos said Warsh did not explain what would actually trigger a hike. That left a gap the market filled on its own, and the size of the hike now priced in is one Warsh never promised. As a result, Friday’s inflation report is now being treated as the key data point in deciding whether the Federal Reserve will raise rates. Timiraos added that Warsh has opposed making decisions in that way for years.
BlockBeats reported on Sept. 10 that Nick Timiraos, widely known as the "Fed whisperer," said Warsh’s speech at Jackson Hole led investors to believe a rate hike had become more likely.
But, according to Timiraos, Warsh did not tell the market what would actually trigger such a move. The market then filled in that gap by itself, and the size of the hike now being priced in is one Warsh never promised.
Timiraos said Friday’s inflation report is now being seen as the key factor in deciding whether the Federal Reserve will raise rates. He also said Warsh has opposed this way of making decisions for years.
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