Yields Drop After Warsh Comments on Financial Conditions -- WSJ
Dow Jones2026/10/28 19:19By Jack Pitcher
After a press conference scant on details about the Fed's thinking, some traders are taking a dovish interpretation.
The 2-year Treasury yield tumbled from around 4.78% to below 4.70% after Fed Chairman Kevin Warsh began speaking to reporters, making a seemingly optimistic statement that Fed policy is working as intended.
Warsh said that financial and credit conditions have started to tighten after the September rate hike, developments that "go in the direction of achieveing, a longer, more durable period of economic growth and price stability."
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
October 28, 2026 15:19 ET (19:19 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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