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Warsh joins other central bankers in opposing forward guidance
US Federal Reserve Chair Kevin Warsh joined European, British, and Canadian central bankers in opposing forward guidance, arguing that uncertain events like Washington’s tariffs and the Iran war complicate inflation forecasting and limit central bank flexibility.
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Adjacent reporting
- Analysts’ views: forecasters dispute market view of likely policy at Fed and Bank of England
- ECB’s Kocher Warns Against Preemptive Rate Action on Uncertainty
- New Fed Chair Kevin Warsh’s decision to drop forward guidance may actually empower the central bank’s other policymakers
- RBA's Hunter Sounds Alarm on Inflation Outlook
- Fed’s Kashkari, Hammack Offer Insight on Dissents
- Global central banks grapple with war