Breitbart Business Digest: Warsh Sticks to His Guns on Forward Guidance

Warsh Turns Down the Volume on the Mood Music of Monetary Policy

Fed Chair Kevin Warsh offered some guidance for Wall Street and the financial press on Wednesday: stop looking for clues from the Fed about the path of interest rates.

Speaking at a central banking conference in Portugal, Warsh stuck by his guns when it comes to refusing to provide so-called “forward guidance.” At some points, Warsh appeared to be teasing those who are demanding guidance.

“At my press conference, I said we’re not going to give forward guidance because we’re meeting in six weeks,” Warsh said. “I have an update for you.”

Had he changed his mind on forward guidance?…

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