Performance Falls Flat With

Warsh’s Performance Falls Flat With Markets as Fed Holds Rates Steady

The Federal Reserve, led by Chairman Kevin Warsh, decided to keep interest rates unchanged. After the announcement, long‑term Treasury yields rose, with the 30‑year bond reaching its highest level since 2007. Investors and market analysts reacted, saying the bond market shows doubt about the Fed’s willingness to fight inflation. Some experts, like Jeffrey Gundlach, argue the Fed must start acting on inflation soon.