Warsh's Fed Debut Signals Blame-First, Guidance-Lite Policy Stance
TL;DR
In his first FOMC as Fed chair, Kevin Warsh kept rates unchanged but used the post-meeting briefing to place blame for elevated inflation on his predecessor Jerome Powell and President Trump, while moving away from forward guidance and avoiding a dot-plot forecast, as some policymakers still expect higher rates by year-end, injecting uncertainty into markets.
- Fed Chair Kevin Warsh Just Subtly Threw President Donald Trump and Jerome Powell Under the Bus in His First FOMC Meeting The Motley Fool
- 'Regime change but in a velvet glove': How Kevin Warsh has set out to remake the Fed CNBC
- Bond Traders Burned by Fed’s Pivot Look to Prices Gauge, Oil Bloomberg.com
- Business The Economist
- Warsh's gamble: A quieter Federal Reserve could mean volatile markets, higher rates ABC News - Breaking News, Latest News and Videos
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