Business & Economy · 21 views
Warsh tells Wall Street to stop looking to the Fed for clues on interest rates — and start watching the economic data
New Federal Reserve chief Kevin Warsh gave no hint as to whether the central bank would raise interest rates in July and repeated his dislike of so-called forward guidance to alert investors to future Fed actions.
AI Summary
The Federal Reserve's approach to communicating with investors has been clarified by its new chief, Kevin Warsh. Warsh has stated that investors should not rely on the Fed for hints about future interest rate decisions.
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