JPMorgan warns Warsh's Fed press conference may force a rate hike before year-end

JPMorgan's U.S. economics team called Fed Chair Kevin Warsh's latest post-decision press conference the most troubling since the practice began in 2012. The bank has moved forward its call for an interest-rate increase, now expecting a hike before year-end. Analysts say Warsh failed to bolster the Fed's credibility, potentially forcing the central bank to tighten monetary policy sooner than markets anticipated.