Greenspan’s Shadow Returns as Warsh Embraces the Maestro’s Silence
The Bulwark’s Catherine Rampell revisits Alan Greenspan’s paradoxical legacy—economic expansion paired with cryptic, less transparent policy—while noting Kevin Warsh’s early moves as Fed chair echoing Greenspan’s evasiveness. Rampell contrasts Greenspan’s era with Bernanke’s push for transparency and warns that Warsh’s prompt to shorten statements and skip the dot-plot signals could weaken accountability and confuse markets as rates trend higher, not lower.