Analyst: Warsh adopts a "double-dealing" strategy, verbally hawkish to appease the rate hike faction, while in action implementing a stalling tactic.

ME News, July 2 (UTC+8), institutional analyst Andrew Sacher stated that weeks after Fed Chairman Warsh made his debut at the June FOMC meeting, the market is still debating his identity—whether he is a hawk or a dove. With internal divisions at the FOMC over whether to raise rates or keep them unchanged, Warsh's stance is particularly important. The Sintra conference will provide a new opportunity to reassess his position. 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. Given his focus on price stability, his remarks may lean hawkish, aimed at appeasing a sizable portion of the committee that wants the Fed to demonstrate its independence from Trump through rate hikes. Warsh's actions so far—such as setting up five working groups to examine key Fed issues—have bought time for the next steps. (Source: BlockBeats)
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