A ‘Warsh’ Out at the Fed
The June FOMC meeting may be remembered less for holding rates steady and more for Kevin Warsh’s overhaul of how the Fed communicates policy. This week on the Basis Points podcast, Kevin Flanagan discusses what a Warsh-led Fed could mean for forward guidance, balance sheet policy and the future path of rates.
Basis point: 1/100th of 1 percent.
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The skinny
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