The Warsh Welcome: Gold and Silver Get Hit, Oil Goes Down — But the Honeymoon Won’t Last
Kevin Warsh got the welcome party he wanted. In his first FOMC meeting as Chairman — June 16–17, three weeks after Clarence Thomas swore him in — the Fed held at 3.50–3.75% and then leaned exactly as hawkish as the market feared. Half the committee penciled in a poss…
