Fed Chair Kevin Warsh Says He Is Impressed by the Overall Economy

According to Jin10, Fed Chair Kevin Warsh said he was impressed by the overall economy and that the economy appears to have strengthened. He added that a measure of economic strength is how it performs under pressure and shocks, and that both the real economy and Wall Street have shown remarkable resilience. He also said credit and loan markets have shown almost no signs of policy restraint given current market interest rates and the Fed's short-term policy rate, which has been unchanged since last December, and that it is difficult to describe overall financial conditions as restrictive despite pressure in some sectors such as housing and agriculture.