New Fed Chair Kevin Warsh’s decision to drop forward guidance may actually empower the central bank’s other policymakers | Metals Mine

  • New Fed Chair Kevin Warsh’s decision to drop forward guidance may actually empower the central bank’s other policymakers

    From dnyuz.com

    The Federal Reserve has for decades moved steadily from a remote, opaque government agency that shared little about what it did or why to a more transparent institution willing to explain how it makes decisions and what it thinks about the economy. But in his first press conference Wednesday, new chair Kevin Warsh began to reverse some of those steps. Warsh, like many economists, thinks the financial markets have become too dependent on Fed guidance, and that such direction is more effective in financial crises or economic downturns.Warsh quickly made changes: The Fed’s statement on its interest-rate decision was ... (full story)

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Trader#0EA7
20 hr ago
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it's bad enuff our economies have become ultra keynesian with central banks' intervension, fed govs must also spoon feed investors with forward guidance. let them read between the lines, it'll be more thrilling. let them them read charts. let them eat bepis!
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