\- “I’m extremely serious about inflation. Super committed to 2% target.”
\- *does nothing about it*
The market has to understand Warsh was handpicked by the potus who has desperately demanded rate cuts for years.
Warsh will put up a tough front when talking about inflation. He’s given the same speech about keeping inflation in check for 2 FOMCs now without actually voting for a hike or hinting that he will.
The other voting members may eventually force a hike, but Warsh will never actually vote for a rate hike himself.