Kevin Warsh Makes Small but Important Changes at the Fed. Here's Why They Could Result in Significant Volatility Around Future FOMC Meetings
The new Fed chair didn't change the Fed funds rate this month, but there were notable policy changes.
Kevin Warsh Makes Small but Important Changes at the Fed. Here's Why They Could Result in Significant Volatility Around Future FOMC Meetings
Overview
Kevin Warsh recently held his first Federal Open Market Committee (FOMC) meeting as Federal Reserve Chairman. While all eyes were on what would happen to interest rates (they remained unchanged), the bigger takeaway for investors is what changed in the Fed's overall approach to announcing its decisions, as that could have a more significant effect on the market this year.
There are a couple of key changes that are worth noting, because while they seem modest, they could have significant ramifications for the S&P 500 (SNPINDEX: ^GSPC) and how it performs in the future.
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Originally published at www.fool.com.
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