Stocks Rebound as Warsh Strikes Cautious Tone on Rates -- WSJ

By Sam Goldfarb

Federal Reserve Chairman Kevin Warsh has said repeatedly in today's press conference that interest rates have already gone up in recent months because Treasury yields have climbed.

The market's takeaway from that message is: Warsh is in no rush to raise the short-term rates that the Fed actually controls. As a result, stocks have rebounded and Treasury yields-which are heavily influenced by expectations for future short-term rates-have dropped.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

July 29, 2026 15:02 ET (19:02 GMT)