Warsh Fed Policy Shift
The Fed is entering a new policy chapter that represents a departure from previous monetary approaches
Too little corroboration in the last 3 days to call a trend (6 articles). Watching for it to gain traction.
"A lack of a track record by Warsh and recent divisions among Fed officials are further clouding the outlook. Given the fact that he can push around the median of the committee, he's going to decide policy for the next few meetings, and we really have no idea how Kevin Warsh thinks about monetary policy."
"Since taking office, Warsh has vowed to reduce or eliminate the amount of forward guidance the Fed provides on its decision-making process, a move that has received mixed reactions. Some analysts, however, argue that opacity in decision-making creates more uncertainty for markets."
"He also announced reviews in five areas: Fed communications, balance-sheet policy, the use of existing data, productivity and employment, and inflation frameworks. The task forces were expected to share their findings by the end of the year."
""He described the overall economy as 'solid' but criticized previous Fed policy and said the bank would be entering 'a new chapter.'""
""He described the overall economy as 'solid' but criticized previous Fed policy and said the bank would be entering 'a new chapter.'""
"He described the overall economy as "solid" but criticized previous Fed policy and said the bank would be entering "a new chapter.""