Warsh: The Fed Needs a Completely New Inflation Framework
Svmuu News Nominee for Federal Reserve Chairman Warsh stated that if appointed and in charge of the Fed, he would promote comprehensive reforms in policy-making. Warsh told the Senate Committee: "In my view, the Federal Reserve needs fundamental policy reforms. The mistakes made in dealing with inflation during the COVID-19 pandemic necessitate such reforms, and I believe this means a change in the way policies are implemented. I think this means a need for a different, completely new inflation framework." Warsh said we need new tools, we need new ways of communication, mentioning forward guidance, economic forecasts, and the dot plot. He said the Fed should wait until the meeting to issue statements because forecasts can hinder decision-making. (Jin10)
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
Bitcoin Price Breaks $77,000: Multiple Factors Drive Current Rally
-
2
US banks are owed $349B by private credit funds, as PIK interest payments rise to 10% of loans
-
3
Al Jazeera: Israeli attacks on Gaza kill at least 4 Palestinians, UN Human Rights Office warns of ethnic cleansing risk
-
4
Musk retweeted that as of October 31, the number of Starlink satellites has reached 11,184, accounting for 66% of the total active satellites globally.
-
5
Bitcoin staking protocol b14g says $97 million CORE drained, pauses contracts
-
6
Nikkei Asia: Overseas entities' JPY bond issuance reaches a record $16 billion as the AI funding race spreads to Japan
-
7
Al Jazeera: Palestinian Man Succumbs to Injuries After Israeli Drone Strike in Gaza
-
8
SpaceXAI, the AI division of SpaceX, failed to dismiss an air pollution lawsuit filed by the NAACP, with the judge ruling that the case will proceed.
-
9
Chainalysis: Ethereum Reorg Causes THORChain Emergency Pause, Accidentally Delays Binance Hacked Funds Laundering
-
10
Binance confirmed that it has transferred 7,499 Bitcoins to the SAFU fund, stating that it has recovered 90% of the stolen assets and pledged to rebuild the emergency fund to approximately $1 billion.
Markets Today
Recommended Reading


