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'Warsh Had to Win His Credibility:' Rabobank's Foley
Source: Bloomberg
Monetary PolicyInterest Rates & YieldsCurrency & FXAnalyst Insights
The Federal Reserve raised interest rates, prompting Rabobank Head of FX Strategy Jane Foley to assess the implications for currency markets. Foley said Chair Warsh "had to win his credibility," framing the rate increase as a credibility-building hawkish policy move. No rate magnitude, market-price reaction, or FX targets were provided.
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