Fed split deepens: Waller backs guidance as Warsh strips it from statements
The Federal Reserve is showing rare public cracks. Governor Christopher Waller says forward guidance still matters — that telling markets where rates may go helps policy work faster. But Chair Kevin Warsh has already removed guidance language from statements and is taking a quieter approach. With inflation and jobs pulling officials in different directions, the split couldn’t come at a worse time. Markets are now bracing for Wednesday’s meeting minutes to see just how far Warsh wants to dial back Fed communication. Less clarity could mean more volatility.
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