Kevin Warsh Wants the Fed to Stop Explaining Everything

For decades, the central bank believed talking openly made its policy work better. Its new chairman believes the opposite

As a Fed governor through the 2008-09 crisis, Warsh had a front-row seat watching Ben Bernanke pioneer two of the central bank’s biggest innovations this century—a far larger holding of bonds and a more systematic practice of explaining its moves.

Bernanke was extending a shift Alan Greenspan began in the 1990s, when the Fed first started announcing its rate decisions and signaling where they might head.

Nick Timiraos Wall Street Journal June 14, 2026

https://www.wsj.com/economy/central-banking/fed-warsh-chair-communication-d2f2d226


Ending forward guidance. Centralbanker skall INTE vara förutsägbara.

Englund blogg mars 2014


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