Is the Federal Reserve in safe hands? Here’s what to make of its first policy meeting under Warsh
Warsh the Fed chair, it appears, is not the same as Warsh the candidate who often called for lower rates, echoing Trump’s calls for cheaper credit. Though he did not submit any forecast of his own for the Fed’s ‘dot plot,’ which shows the rate expectations of policymakers, in accordance with his criticism of such forward guidance, the plot’s latest update reveals a sharp change in views.
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