Bessent defends Warsh, saying markets are going through ‘detox’ from too much Fed guidance

Treasury Secretary Russell Bessent said on January 15, 2026, that recent market volatility represents a "detox" from the Federal Reserve's previous communication practices. Bessent defended Federal Reserve Vice Chair Michele Warsh during remarks to reporters, stating that markets are adjusting to reduced guidance from the central bank. Bessent questioned whether an interest-rate increase was necessary at this time. The Treasury secretary did not specify when he made these comments or provide additional details about the Fed's communication strategy.

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