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Watch Live: Fed Chair Warsh Explains 'Hawkish' Hold

Watch Live: Fed Chair Warsh Explains 'Hawkish' Hold Having delivered the biggest "non-cut" surprise to markets in decades - by holding rates unchanged (markets were pricing a 35% chance of a hike) - and given Warsh’s distaste for forward guidance, he is unlikely to offer any clearer signals during the press conference. Bear in mind that since 2015, traders have foreseen the Fed’s ultimate rate decision with an average error of 2.4 basis points the day before the central bank’s announcement, according to a note from Ian Lyngen, head of US rates...
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