J. P. Morgan Drops Fed Rate Bombshell Over Warsh, Inflation The Federal Reserve's pivot on interest rates, announced by J. P.
Morgan just hours after Chairman Kevin Warsh's post meeting press conference, has left markets reeling. The sudden shift raises questions about the Fed's ability to manage inflation.
Warsh's lack of transparency regarding the Personal Consumption Expenditure price index and its replacement has been widely criticized as a calculated move to create room for maneuver in the months ahead.