New Fed Chair Kevin Warsh’s decision to drop forward guidance may actually empower the central bank’s other policymakers

New Fed Chair Kevin Warsh has reduced the Federal Reserve's communications, particularly forward guidance, by shortening statements and excluding hints about future interest-rate moves. Analysts warn this could increase market volatility and raise borrowing costs, though consumer impacts may be modest. Warsh's approach mirrors former chair Alan Greenspan's more opaque style, referencing a 1994 rate hike that surprised markets.