In a more hawkish speech than many expected, Federal Reserve Chairman Kevin Warsh ticked off a series of healthy indicators for the economy: high profits, steady consumer spending, tight credit spreads and more.
"In my view, credit and loan markets are showing few signs of policy restraint," Warsh said. "On balance, I would be hard-pressed to describe broad financial conditions as restrictive." The remarks boosted Wall Street bets on interest-rate hikes.
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