#Forward Guidance

Warsh Makes the Fed’s Reaction Function Unpredictable Again

Kevin Warsh on Wednesday put his stamp on his first FOMC meeting by keeping his promise to cut back forward guidance from the Federal Reserve's communications. The post meeting statement has fewer wor…

EconReporter·13h ago·5 min read

Taking One Last Beth Before the Fed Blackout Period

Beth Hammack, president of the Cleveland Fed, posted on LinkedIn hours after the jobs report that "today's jobs report reaffirms that the labor market appears to be roughly in balance" and that she "b…

EconReporter·Jun 5·4 min read

Beth Hammack Federal Reserve Forward Guidance Lisa Cook

Warsh’s Forward Guidance Paradox

Let's get this straight: Warsh hates forward guidance. But if we look at the three dissent statements from the Reserve Bank Presidents who voted against the FOMC decision, we can see that forward guid…

EconReporter·May 11·6 min read

Beth Hammack Central Bank Communications Federal Reserve Forward Guidance