Fed Forces Markets

The Federal Reserve meeting this week marked the begining of a new era for U.S. monetary policy, and consequently, for investors. At Wednesday’s meeting, new Fed Chair Kevin Warsh gave investors the first real clue about his plans for the central bank: Speak less, guide less and force markets to do more of the work. It is still early and more changes are on the way, but two charts in particular can help investors navigate this new era.