Markets Vote With a “Thumbs Down” to the Warsh Presser

The problem in Tech is not in valuations but rather in credit

Key Takeaways

• Warsh Offered Platitudes but No Recipe: The Warsh press conference has left investors with a bad taste in their mouths. The mantra is that he was not tough enough in his inflation rhetoric. The Fed Chairman served up platitudes, but as is the case with this central bank, he offered no explanations or analysis.