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Warsh is actually very impressive. He knows there is serious division within the Federal Reserve, so in his first public appearance, he directly announced two things.
1: Set up working groups to soften disagreements.
2: There will be no forward guidance in the future; Fed policy will basically be like opening a blind box from now on.
Trump was interesting yesterday. While Warsh was speaking, he said: "Regarding the possibility of the Fed raising interest rates, it could happen."
This is real support for Warsh. Warsh is himself a hawkish figure, the person Trump himself put forward, and he loves his own!#沃什首秀美联储利率不变
Waller is actually pretty impressive; he knows well that there are serious disagreements within the Federal Reserve, so his debut directly announced two things.
1: Create working groups to soften disagreements
2: No more forward guidance in the future; Federal Reserve policies will basically be a blind box from now on.
Trump was quite interesting yesterday; during Waller's speech, he said: "Regarding the possibility of the Federal Reserve raising interest rates, this may happen."
This is really supporting Waller, as Waller himself is hawkish, and Trump himself put him in that position, he loves it! #沃什首秀美联储利率不变