Warsh Suggests Tougher Fed Ahead as Interest Rates May Rise
A signal of a tougher Federal Reserve was given by Kevin Warsh, a former member of the Fed's Board of Governors. This has led to speculation that interest rates may be heading higher.
The signal was made in an interview where Warsh stated that the Fed should not be 'pushing on a string' and that it needs to take a tougher stance to control inflation.