That Will Cause Some Upset For Markets Tom Essaye Tells Barron’s
For something that has been working really well for markets, that will cause some upset, Tom Essaye tells Barron’s.
S&P 500 Drops 1.2% After Warsh Hints of Fed Changes
Sevens Report Research’s Tom Essaye told Barron’s the market reacted to the “litany of changes that Warsh is proposing” that could lead to uncertainty and less communication from the central bank.
“The Fed was not hawkish, nor was Warsh hawkish,” Essaye says. “What he said was that ‘I’m exploring changing everything. And for something that has been working really well for markets, that will cause some upset.”
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