Federal Reserve Chairman Kevin Warsh wants to move away from forward guidance, and it might spark volatility in the market, says James Bullard, a former president of the St. Louis Fed, ahead of the minutes from the June meeting, due later today. The new head of the U.S. central bank has said he does not intend to make forecasts in the summary of economic projections and has argued that financial markets have become too reliant on these outlooks instead of forming their own conclusions based on economic data. Former Fed Chairs Jerome Powell and Janet Yellen both championed transparency; under them, there were a lot of ... (full story)