Friday, July 24, 2026

Fed Policy Approach Debate

How—and how much—should central banks talk? 
https://www.economist.com/finance-and-economics/2026/08/06/how-and-how-much-should-central-banks-talk
The art is to say enough, and no more.
 
What will Kevin Warsh do if America’s economy breaks?
https://www.economist.com/finance-and-economics/2026/08/02/what-will-kevin-warsh-do-if-americas-economy-breaks
An enigmatic Fed faces the risk of AI stocks falling and the oil price soaring.


Warsh Makes Markets Do Their Job
https://www.wsj.com/opinion/federal-reserve-markets-guidance-kevin-warsh-03fb4432
Have they forgotten how to price risk without the Federal Reserve guiding them?


The Problem with Warsh’s Deference to Markets
https://www.wsj.com/economy/central-banking/the-problem-with-warshs-deference-to-markets-872edf9c
The Fed chairman’s analogy of calling balls and strikes doesn’t work. The central bank isn’t the umpire, it is the most important player in the game.



The Federal Reserve Ain’t Broke, So Don’t Fix It by Alan Blinder
https://www.wsj.com/opinion/the-federal-reserve-aint-broke-so-dont-fix-it-c22a2de0
We need forward guidance to avoid the guessing game that follows when central bankers say nothing. 

Structural shifts demand a new central banking mindset by Vivekanand Jayakumar, The Hill, July 21, 2026
https://thehill.com/opinion/finance/5979598-monetary-policy-paradigm-shifts/
While the primary objective of most central banks — maintaining price stability — remains unchanged, the post-pandemic economic landscape has evolved in ways that require policymakers to rethink how monetary policy is designed and implemented.