Citadel Says Market Underestimates Warsh’s Inflation-Fighting Resolve

Citadel Securities said the market is underestimating Federal Reserve Chair Kevin Warsh’s resolve to curb inflation.

Walter Bloomberg reported on June 29 that Warsh may keep interest rates elevated to bring down inflation, a scenario that could weigh on risk assets.

Citadel also said the artificial intelligence rally faces risks from slowing demand, declining returns on investment, and rising political and regulatory uncertainty.