Warsh Said to Stick With Fed Messaging Despite Backlash

A report says Fed Chair Kevin Warsh intends to maintain his revised communications style despite a selloff in US Treasuries after last week’s Fed meeting. The update is largely messaging/forward guidance-related rather than a policy change, so near-term impact is likely limited, but it may keep rates volatility contained.

Analysis

A report says Fed Chair Kevin Warsh intends to maintain his revised communications style despite a selloff in US Treasuries after last week’s Fed meeting. The update is largely messaging/forward guidance-related rather than a policy change, so near-term impact is likely limited, but it may keep rates volatility contained.