Nick Timiraos(@NickTimiraos):Warsh's press conference generated more-than-the usual market reaction, and it was as much about what he didn't say than what he did (or what the Fed did): "I don't think it's sustainable, what he's doing, in terms of not saying anything," says Loretta Mester, who spent a decade voting on Fed policy. "I actually want more from my Fed. I want to feel comfortable that the Fed knows what it is doing."

Nick Timiraos

@NickTimiraos

Chief economics correspondent, The Wall Street Journal • Author, "Trillion Dollar Triage”

Joined July 2009

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Nick Timiraos@NickTimiraos

2026.07.30 03:13

Warsh's press conference generated more-than-the usual market reaction, and it was as much about what he didn't say than what he did (or what the Fed did): "I don't think it's sustainable, what he's doing, in terms of not saying anything," says Loretta Mester, who spent a decade voting on Fed policy. "I actually want more from my Fed. I want to feel comfortable that the Fed knows what it is doing."