Warsh pushes for a quieter Fed, sparking debate over central-bank communication
Incoming Fed chair Kevin Warsh argues the central bank talks too much and hints at a new framework to curb its communications, signaling a potential shift in how the Fed signals policy. While Fed transparency has grown since Greenspan and Bernanke, such communications help guide markets, especially in times of uncertainty; a Brookings survey shows economists want continued post-meeting press conferences, though some regional presidents think officials should speak less.
