Kevin Warsh's "dose of accommodation" remark leaves Wall Street guessing on the Fed's rate-hike path

Federal Reserve Chairman Kevin Warsh described Wednesday's quarter-percentage-point rate hike as removing "a dose of accommodation" rather than tightening policy, pointing to a "strengthened" U.S. economy and less restrictive financial conditions. Analysts say the framing, repeated deliberately and unusual by recent Fed standards, suggests an open-ended number of hikes. Krishna Guha of Evercore ISI called it the most hawkish element of Warsh's comments.