Council on Foreign Relations(@CFR_org):"When new Federal Reserve chair Kevin Warsh promised to shake up monetary policy, some analysts feared he would campaign for premature interest rate cuts. But Warsh has focused instead on reforming the central bank's public messaging — mostly by demanding less of it," writes CFR expert @BennSteil for @PostOpinions. "Warsh is right to unwind the Fed's long, unsuccessful experiment with forward guidance. The most useful forecast is no forecast at all," he writes.

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Council on Foreign Relations@CFR_org

2026.07.18 16:15

"When new Federal Reserve chair Kevin Warsh promised to shake up monetary policy, some analysts feared he would campaign for premature interest rate cuts. But Warsh has focused instead on reforming the central bank's public messaging — mostly by demanding less of it," writes CFR expert @BennSteil for @PostOpinions. "Warsh is right to unwind the Fed's long, unsuccessful experiment with forward guidance. The most useful forecast is no forecast at all," he writes.