Latest / The John Batchelor Show
S8 Ep1175: Joseph Sternberg notes Chairman Kevin Warsh is moving the Federal Reserve toward a "taciturn" style, ending the practice of "forw
Joseph Sternberg notes Chairman Kevin Warsh is moving the Federal Reserve toward a "taciturn" style, ending the practice of "forward guidance." This reform aims to prevent the Fed from becoming locked into policies that may become inappropriate as data shifts. Sternberg suggests that saying less may protect the Fed from political conflict with the White House over tariffs. Markets must now interpret raw data rather than Fed signals. (14)1606
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.