Former Fed economist states current Fed communication approach is "worst of all possible outcomes" amid debates on rates and transparency. Two key debates are currently underway within the Federal Reserve: one concerning the setting of interest rates, and another regarding the extent to which officials should communicate their future outlook. While Fed Chair Kevin Warsh has opted for less public commentary, his colleagues continue to speak as frequently as they did a year ago. One former Fed economist remarked that this situation "is probably the worst of all possible outcomes."