Flash News
Walsh released the Eagle signal that the current financial situation is not restrictive
On 28 August, in a speech that was more hawk-oriented than many marketers expected, Federal Reserve Chairman Kevin Walsh cited a number of indicators showing good economic performance, including higher corporate profits, stable consumer spending and narrow credit spreads. “It seems to me that the credit and loan markets show little evidence that monetary policy is becoming restrictive. In general, it is difficult for me to describe the current overall financial situation as restrictive.” The statement boosted Wall Street's interest rate on the Fed。
