Regime Change Comes to the Federal Reserve
Kevin Warsh took the first steps this week on his quest to lead the Federal Reserve out of the dark ages .
The new chairman of the Federal Reserve has argued for over a decade that the Fed’s communications strategy, especially its tools for providing so-called forward guidance about monetary policy, needs rethinking. He’s argued that central bankers talk too much, that forward guidance has gone astray , and that the Fed’s preeminence in markets and the economy should be pared back.
In a talk to investors last year, Warsh put his advice for the Fed bluntly: “Stop talking so much. More thinking, less…
Read the full article at BREITBART.COM
