Kevin Warsh gets what every Fed chair hopes for: A bond market that trust his words

Kevin Warsh, newly positioned as Fed chair, reiterated that the central bank still has work to do on inflation, signaling continued focus on getting price pressures under control. The bond market reportedly responded by accepting that message, implying rates expectations likely adjusted in line with the Fed’s inflation priority. Overall, the read-through is cautious for rate-cut timing, though no specific magnitude was cited in the article.