Fed Chair Kevin Warsh Is Considering Fewer Annual FOMC Meetings, Which Would Be Disastrous for Wall Street
Sacrificing additional transparency is a dangerous game to play.
Overview
This has been a history-packed year for financial markets. The Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) all blasted to record highs, and America's premier financial institution, the Federal Reserve, saw a changing of the guard at its most important position.
When Kevin Warsh was sworn in as Fed chair on May 22, he promised to lead a reform-oriented Fed and repair perceived mistakes made since the financial crisis.
Fed Chair Kevin Warsh has proposed major changes to America's foremost financial institution.
Details
Source
Originally published at www.fool.com.
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