Warsh Should Hike Rates When He Can, Not When He Must: Dutta

Neil Dutta of Renaissance Macro Research believes Federal Reserve Chairman Kevin Warsh should prioritize hiking interest rates when possible, rather than waiting until necessary. Speaking on 'Bloomberg Surveillance', Dutta suggested that Warsh may be able to keep rates steady at this month's FOMC meeting, but may not have the same luck in September. While Dutta did not provide a specific explanation for why he thinks Warsh will struggle with rate hikes in September, his comments suggest that market expectations are already priced in.