Warsh: rate hike reflects economic strength, capital competition, and geopolitics
- —Warsh said the rate hike resulted from economic strength and competition for capital
- —The Fed unanimously raised rates amid 7 weeks of economic strengthening
- —Warsh also linked the decision to geopolitical factors
Why it matters: The Fed's hawkish tone pressures risk assets, including bitcoin, and increases market volatility.
Source: Blockmedia