Warsh Steps Up to the Mic He’d Rather Not Hold
Kevin Warsh gaveled to order his first Federal Open Market Committee meeting as Fed chairman on Tuesday. Tomorrow he’ll hold his first press conference. The most interesting thing about it may be what he doesn’t say .
Warsh has spent more than a decade arguing the Fed talks too much . His prescription, delivered to investors last year, ran to four words: “More thinking, less talking.” He thinks the central bank has buried itself in forward guidance, dot plots, and a daily chorus of officials freelancing on every side of every question. He wants the Fed back on page B12 of the business section.
On ra…
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