Warsh's hawkish remarks eased doubts about the Fed's resolve to combat inflation, causing short-term bonds to plunge and gold to fall more than 2% intraday.
Federal Reserve Chairman Kevin Warsh's hawkish remarks at the Jackson Hole symposium on Friday quickly reverberated through the financial markets.
He warned that if underlying inflation does not fall clearly and quickly enough toward the 2% target, the Fed "still has work to do." The market