North America
Fed's Kevin Warsh may take 'little bit of time' to decide rate direction
Yahoo Finance
US markets (^DJI, ^IXIC, ^GSPC) soared in Monday trading, led by the Nasdaq Composite's gain of over 3% — 795 points — after President Trump announced that the US and Iran have reached a peace deal. This comes ahead of the Federal Reserve's June FOMC meeting this week. Baird managing director and market strategist Michael Antonelli discusses the intricacies of the economic environment that may push the US central bank to move interest rates. Fed officials will be meeting from Tuesday, June 16, to Wednesday, June 17, concluding with a decision on rates and a press conference with new Chairman Kevin Warsh.
Original Headline
Fed's Kevin Warsh may take 'little bit of time' to decide rate direction