Fed Officials Resist Warsh Push for Quiet Bank
Federal Reserve colleagues are pushing back against Chairman Kevin Warshs push for a quieter central bank. They continue to speak publicly on policy to help guide market expectations.
Federal Reserve Chairman Kevin Warsh faces growing pushback from colleagues over his push for a quieter central bank, with officials making more than 40 public appearances to signal policy views. The debate highlights a deep division over monetary transparency as consumer prices rose 3.7% in September from a year earlier. Investors now view an October rate hike as a coin toss, raising the stakes for central bank communication.
