Fed Chair Warsh declines to signal October rate decision at Bangkok event

In the outlets’ own words

• Sensational language

  soaring pricesMore neutral: rising prices

  The phrase adds drama beyond the reported inflation figures.

  …— spurring speculation about how soon the Fed will raise interest rates to handle soaring prices.

  Used byNBC News (Left)

• Sensational language

  painful blowMore neutral: higher borrowing costs

  The phrase judges the effect of the Fed's decision as painful before the consequences are shown.

  Americans face another painful blow to mortgages and credit cards as Fed signals more interest rate hikes

  Used byThe Independent (Left)

• Absolutist framing

  Everyone expectsMore neutral: Most investors expect

  Presents investor expectations as unanimous, while the same article describes bets as overwhelming but uncertain.

  Analysis: Everyone expects the Fed to hold rates in October.

  Used byCNBC (Center)

• Vague attribution

  Many interpretedMore neutral: Some traders read

  Attributes a reading of Warsh’s remarks to unnamed people as if it were widely shared.

  …saying, “It’s a new chapter at the Fed, and we’re not in that business anymore.” Many interpreted his comments – or lack thereof – as a sign that he’s expecting to delay a second…

  Used byNew York Post (Right)