Federal Reserve: Raising Rates May Lower Long-Term Yields for Warsh

Let’s get this out of the way right away: It’s highly unlikely the Federal Reserve will raise interest rates when policymakers meet this week after the latest data showed inflation has slowed. Plus, the five task forces that new Fed Chair Kevin Warsh announced, to much fanfare, to review the central bank’s methods and operations are just getting going. Would Warsh really tighten monetary policy before getting the results, which are due by year-end?