Video: WisdomTree Chief Economist: If Warsh Clarifies Key Metrics Friday, Market Could See Big Rally

WisdomTree Chief Economist Jeremy Siegel said he does not believe the current U.S. Treasury market is chaotic enough to require additional liquidity support, and a 10-year yield at 4.75% is not a "critical threshold."

He said what truly matters is new Fed Chair Kevin Warsh's speech on Friday. The market may not need explicit forward guidance, but it wants to know which indicators the Fed is watching and what will drive its policy decisions. Siegel believes that if Warsh delivers a clear and credible policy framework, the market could see a notable rally on Friday; conversely, if the remarks are too vague, the market may continue to "test" the new Fed chair.

[BlockBeats]