Fed Raises Interest Rates for First Time in Three Years Amid Warsh's 'Normal Space' Push

Federal Reserve Chairman Kevin Warsh raised interest rates for the first time in three years, a move that was seen as an attempt to bring back 'good, normal space' by Sonal Desai, fixed income CIO at Franklin Templeton.

In an interview with Bloomberg Surveillance, Desai expressed her thoughts on Warsh's decision, stating, 'What I saw was just somebody who seems to be trying to bring us back to what I would consider a good, normal space.'