Washington —
The Federal Reserve is yapping too much about the economy, according to Kevin Warsh, the US central bank’s incoming leader.
During his confirmation hearing last month, Warsh argued that Fed officials “speak quite frequently” and stressed that “truth-seeking is more important than repetition.”
“If one has a press conference, one wants to deliver some important news,” he said.
Since the 1990s, Fed officials have regularly weighed in on the economy, including media interviews and press conferences, public speeches, lengthy policy statements and periodic economic forecasts.
