Former Gov Warsh: "A Bit Puzzling" What the Fed Is Thinking

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The Federal Reserve's decision-making process over the last six or eight months has been "a bit puzzling," former Fed Gov. Kevin Warsh told CNBC on Thursday.

"It is not obvious what their strategy is. I know they say they're data dependent. I don't know exactly what that means," he told CNBC's "Squawk Box" in an interview. "They look to me asset price dependent, more than they look [economic] data dependent."

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