Warsh speech splits Fed watchers

Fed-chair Kevin Warsh in Jackson Hole on Friday. Photo: Kansas City Fed.
Fed-chair Kevin Warsh in Jackson Hole on Friday. Photo: Kansas City Fed.
Kevin Warsh sounded hawkish at Jackson Hole on Friday and markets raised the odds of a September rate hike. Fed watchers agree on the tone. They disagree on whether the Fed chair was signaling his next move.

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