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Warsh speech lifts odds of a September rate hike
Analysts say the hawkish tone could widen the gap between Fed expectations for tighter policy and the Treasury's outlook ahead of the September FOMC meeting.
CNBC Markets reports that Fed Chair Kevin Warsh's hawkish stance at Jackson Hole reinforced expectations for a relatively tighter Federal Reserve position at the September Federal Open Market Committee meeting.
CNBC World and CNBC Finance also note that the remarks are being viewed as increasing the likelihood of a September rate hike.
The coverage adds that Warsh's messaging may put the Fed at odds with the Treasury, sharpening debate over the direction of policy as investors weigh the path of rates.