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Liz Thomas reports that the minutes from Warsh's first Federal Reserve meeting are being described as the most hawkish since April 2022.
This assessment suggests a strong stance on monetary policy compared to previous meetings over the last two years.
Thomas previously noted that the Federal Reserve committee adopted a slightly hawkish stance ahead of a recent meeting, with non-voters leaning more hawkish as well, in her report here. She also highlighted strong June U.S. private sector job growth based on ADP and Revelio data, anticipating a robust NFP report in this article. These earlier observations provide additional context for the current tone of the Fed’s minutes.