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Warsh can’t leave the Fed (and markets) in an information vacuum

In abandoning forward guidance, it is incumbent upon central banks to redouble their efforts at communication and transparency.

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afr.comStai leggendo3 g fa

In abandoning forward guidance, it is incumbent upon central banks to redouble their efforts at communication and transparency.

But make no mistake: “We should not indulge a regime in which market participants are looking primarily to the Fed for their next trade.”