Warsh urges Fed to limit forecasts and let markets react
Federal Reserve Chairman Kevin Warsh argued the central bank should speak less about forecasts and outlook, so markets can “play the ball, not the Fed.” He said more narration can drive investor positioning around the Fed’s thinking.
By Nick TimiraosFederal Reserve Chairman Kevin Warsh has called for a central bank that speaks less about its forecasts and outlook so that markets can "play the ball, not the Fed." His view is that the more the central bank narrates its own thinking, the more investors position around the Fed's si…