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Bond market takes Warsh at his word after Fed inflation remarks

Warsh said the Fed still has work to do on inflation, and Treasuries responded in line with that message.

Reported · Written up by our desk · Central Banks

Kevin Warsh, the new Federal Reserve chair, passed another test as markets digested his remarks on inflation, according to MarketWatch.

Warsh said the central bank still has work to do to bring inflation down, and the bond market appeared to accept his message, the outlet reported.

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