CITADEL WARNS FED MESSAGING IS HURTING CREDIBILITY Citadel Securities said Fed Chair Kevin Warsh's policy framework is creating uncertainty by pledging to curb inflation without clearly explaining how. The firm warned that relying on higher market yields to tighten financial conditions risks a negative feedback loop, where delayed rate hikes fuel higher inflation expectations and push long-term Treasury yields even higher. Citadel said the recent selloff in Treasuries reflects growing doubts about the Fed's policy credibility.(*Walter Bloomberg)