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Why a Fed communications 'blackout' isn't coming to markets under new Warsh regime
There's a worry that Warsh may take away some avenues of Fed communication that academics and Fed watchers seem to really like. That risks leaving the public more in the dark at a time when inflation and borrowing costs both are concerns, and there's anxiety around artificial intelligence and the economy. Warsh might address some of those issues Wednesday at the conclusion of the Fed's June 16-17 meeting. The new chair isn't big on Fed officials making frequent speeches, nor on holding press conferences after each rate decision, according to his April confirmation hearing. He also criticized the Fed's recent use of ... (full story)