Analyst: Walsh adopts a "two-faced" strategy, verbally hawkish to appease the rate hike faction, while actually implementing a delaying tactic.

BlockBeats News, July 2 – Institutional analyst Andrew Sacher stated that weeks after Fed Chair Warsh made his debut at the June FOMC meeting, the market is still debating his stance—is he a hawk or a dove? Given the internal division within the FOMC over whether to raise rates or hold them steady, Warsh's position is particularly important. The Sintra conference will provide a new opportunity to reassess his stance.

Sacher believes Warsh is first and foremost a politician, and his remarks at the FOMC meeting balanced both sides—we expect a similar strategy in Sintra. Since he focuses on price stability, his comments may lean hawkish, aiming to appease a significant portion of the committee that wants the Fed to raise rates to demonstrate its independence from Trump.

Warsh's actions so far—such as establishing five task forces to examine key Fed issues—have bought time for the next steps.