Fed Silence Sparks Market Turmoil | Anchorage News

Inflation dipped slightly in June, but don’t relax—gas prices are surging again and new tariffs loom. The real firestorm? Fed Chair Kevin Warsh’s radio silence is rattling markets. Investors crave clarity on how he’ll fight inflation, but his refusal to commit is sending bond yields skyrocketing to 20-year highs and pushing mortgage rates to their highest in a year. While Warsh insists data, not speeches, should drive policy, experts warn that without clear direction, inflation could spiral—and the Fed’s credibility could vanish.

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