Was this guy in the FOMC meeting?

Fed Governor Warsh wrote a quite hawkish op-ed in today’s Wall Stret Journal, one that runs quite counter to the message of “lower for longer” that was conveyed by the FOMC on Wednesday. He suggests moves to tighten could come sooner that the market expects and it could be quite harsh when it comes.

Odd, to say the least. It looks as if there is a game of good cop, bad coop going on here. It also suggests that the Fed is perhaps becoming concerned about the weak dollar, a major shift on the committee’s part. Stay tuned.