Fed Chairman Kevin Warsh Just Said 6 Words That Completely Shifted Investor Expectations
The future looks a lot different after Warsh made his policy goals clear for the Federal Reserve.
Overview
Kevin Warsh has significant plans to overhaul the Federal Reserve's communication policy under his chairmanship. He wants to reduce the amount of forward guidance he provides to market participants, which he thinks will give the Fed clearer signals about real-time economic data and give the Federal Open Market Committee (FOMC) more flexibility in its monetary policy decisions.
When Warsh has something to say, he'll say it. And he made it very clear what his plans are for the Fed in his first press conference as chairman. With just six words, he completely shifted investors' expectations.
Image source: The Federal Reserve.
Details
Source
Originally published at www.fool.com.