๐ธ CASE FILE #327
THE FED HAS GONE SILENT.
Fed Chair Kevin Warsh has reportedly abandoned forward guidance and skipped submitting his own interest-rate projections twice.
1994: The Fed began announcing rate decisions.
2012: The dot plot was introduced.
2026: Warsh declared, "We've dropped forward guidance."
Now, the Fed has held rates without signaling its December move.
The bigger picture? Markets may have to navigate monetary policy with fewer clues from the Fed.
Will less guidance bring more market volatility?
THE FED HAS GONE SILENT.
Fed Chair Kevin Warsh has reportedly abandoned forward guidance and skipped submitting his own interest-rate projections twice.
1994: The Fed began announcing rate decisions.
2012: The dot plot was introduced.
2026: Warsh declared, "We've dropped forward guidance."
Now, the Fed has held rates without signaling its December move.
The bigger picture? Markets may have to navigate monetary policy with fewer clues from the Fed.
Will less guidance bring more market volatility?