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The Big Picture
Warsh signals new Fed era
Briefing.com Summary:*Fed Chair Warsh signaled a hawkish pause, prioritizing price stability and offering no forward guidance on future rate moves. *The SEP raised inflation forecasts and removed expected 2026 rate cuts, implying restrictive policy may persist longer. *Fed Chair Warsh is reshaping Fed policy communication, emphasizing shorter statements, fewer signals, and stronger inflation-fighting credibility. The policy...