Kevin Warsh says the Federal Reserve’s heavy use of forward guidance has turned policy into a market feedback loop, reflecting expectations rather than shaping them. James E. Thorne frames it as part of a wider debate over policy signals and market perception.
published
Kevin Warsh says the Federal Reserve’s heavy use of forward guidance has turned policy into a market feedback loop, reflecting expectations rather than shaping them. James E. Thorne frames it as part of a wider debate over policy signals and market perception.
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