Warsh's Hawkish Stance Sets Stage for Higher Rates, Potential Fed Treasury Rift Federal Reserve Governor Kevin Warsh has long been a proponent of fiscal responsibility.
His recent speech at the Jackson Hole meeting continued this theme, but with a decidedly hawkish tone that surprised market watchers.
Warsh emphasized inflation risks and committed to achieving price stability, sending shockwaves through financial markets. Traders now see a 60.