Reuters: Investors heartened by Warsh inflation talk, still uncertain about Fed action

'Warsh's comments "should be seen as an effort to push back against the criticisms that were leveled after his ​first two press conferences," said ⁠Karl Schamotta, chief market strategist at payments company Corpay Cross-Border Solutions in Toronto. "He reduced ambiguity around the Fed's preferred inflation target, stressed the role of short-term interest rates in transmitting policy and avoided any suggestion of leaning on markets to do the job," Schamotta said.'

Read the article here.