Kevin Warsh Just Killed Forward Guidance

New Fed Chair Kevin Warsh has signaled a departure from established central bank communication norms by abandoning forward guidance and dot plot projections. He has initiated a series of task forces to pursue a broader reform agenda for the Federal Reserve.

Key Takeaways

• 1.New Fed Chair Kevin Warsh has effectively ended traditional forward guidance by refusing to provide FOMC dot plots and declining to answer questions on the policy outlook.
• 2.Warsh is positioning himself as a 'reformer', deferring major policy changes to year-end through the establishment of five new task forces.

Table of Contents

• Kevin Warsh Just Killed Forward Guidance
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