New chief Kevin Warsh says forward guidance dropped at Federal Reserve
New Federal Reserve Chair Kevin Warsh said Wednesday the central bank will move away from forecasting its future action under his leadership. In announcing its decision to hold interest rates steady, the Federal Open Market Committee (FOMC) opted not to include forward guidance.
New Federal Reserve Chair Kevin Warsh said Wednesday the central bank will move away from forecasting its future action under his leadership. In announcing its decision to hold interest rates steady, the Federal Open Market Committee (FOMC) opted not to include forward guidance. The panel typically provides information about the “likely future course of monetary policy.” “We’ve dropped…
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