Tuesday, June 16, 2026

Rethinking Fed Communications

Kevin Warsh Wants the Fed to Stop Explaining Everything
https://www.wsj.com/economy/central-banking/fed-warsh-chair-communication-d2f2d226
For decades, the central bank believed talking openly made its policy work better. Its new chairman believes the opposite. 

The Fed Has Been Honest and Stupid
https://www.project-syndicate.org/commentary/how-the-fed-can-improve-itself-under-kevin-warsh-by-todd-g-buchholz-2026-06
It would be easy—and a mistake—to blame the US Federal Reserve’s many blunders on corrupt bureaucrats or imagined conspiracies. The truth of the matter is that the central bank relies on an outdated regional map and lagging indicators that no longer tell the whole story, while battling macroeconomic blazes that politicians stoke.