Markets must navigate new Fed direction: JP Morgan Investment Management

Jim Caron said new Fed Chairman Kevin Warsh wants the central bank to communicate less and maintain a much smaller footprint in markets. The remarks point to a more restrained, potentially less forward-guiding Fed stance, but no policy change or quantitative decision was announced.

Analysis

Jim Caron said new Fed Chairman Kevin Warsh wants the central bank to communicate less and maintain a much smaller footprint in markets. The remarks point to a more restrained, potentially less forward-guiding Fed stance, but no policy change or quantitative decision was announced.