Warsh is a wash
I think Warsh raised rates this time to show that he's not a synchophant (which he is or he wouldn't have gotten chosen). He raised it by 25bps and projected another probable 25 next meeting. I think he will hold rates at the next meeting because that's what he was put there for and this whole Trump 1% rate thing is just theater but let's check back in a few months and see if I'm right or wrong. I'll be right.