Warsh’s changes to forward guidance were tried by one central bank — and here’s what happened
Canada’s post-2008 playbook shows the volatility risks of Warsh’s no-guidance Fed.
Canada’s post-2008 playbook shows the volatility risks of Warsh’s no-guidance Fed.
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Why it matters
This event concerns a central bank's experiment with Warsh's forward guidance changes, which directly relates to monetary policy signaling and its impact on rate expectations and market volatility, making it highly relevant to credit-market professionals.
Sources
MarketWatch
Warsh’s changes to forward guidance were tried by one central bank — and here’s what happened
Canada’s post-2008 playbook shows the volatility risks of Warsh’s no-guidance Fed.