Kevin Warsh told Wall Street he’d be sharing less—Goldman Sachs fears a void of Fed facts will only amplify misinformation and instability
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Kevin Warsh told Wall Street he’d be sharing less—Goldman Sachs fears a void of Fed facts will only amplify misinformation and instability
Fed chairman Kevin Warsh has been clear: The central bank has gotten too comfortable sharing its expectations for the path of monetary policy, and believes its policy decisions have been hamstrung as a result. Wall Street is now blasting its response: Dialing back communications will be tolerated, a perceived void of information will not be. The boomerang Fed policymaker (Warsh served on the Board of Governors from 2006 to 2011 under his mentor, chairman Ben Bernanke) has been consistent in his criticism........
