Warsh says Fed is in performance business, pointing to treasury curve and dollar as evidence.
“And so so if I look at the treasury curve, if I look at the dollar, if I look at a lot of things that are internals inside of financial markets,”
Warsh sets timeline expectations, saying Fed cannot deliver in days or weeks but will fulfill congressional mandate.
“We've got no magic wand. This isn't something that we're gonna be able to carry out in days or weeks, but we're gonna deliver on the responsibility that congress gave us.”