#WarshPushesToScaleBackForwardGuidanceAndDotPlot
🚨 Warsh: Talk Less = Market Volatility 🚨
New Fed Chair Kevin Warsh is making waves!
He wants to get rid of Forward Guidance and the Dot Plot, which the Fed used to hint to the market about where interest rates were headed 😱
What does that mean?
Before, the Fed would tell you: we're raising rates, we're lowering them... and the market could prepare.
Now Warsh says: say nothing—let the market figure it out from the inflation data!
The result?
U.S. inflation came in at 3.7% yesterday, and the odds are now 50/50 on whether they'll raise rates in October... and the market is going crazy! 📈📉
That's why Bitcoin is so volatile today.
Question: Do you think Warsh's decision is right? Should the market learn to stand on its own, or should the Fed provide guidance?
#WarshPushesToScaleBackForwardGuidanceAndDotPlot #BTC #Fed #Crypto $BTC
🚨 Warsh: Talk Less = Market Volatility 🚨
New Fed Chair Kevin Warsh is making waves!
He wants to get rid of Forward Guidance and the Dot Plot, which the Fed used to hint to the market about where interest rates were headed 😱
What does that mean?
Before, the Fed would tell you: we're raising rates, we're lowering them... and the market could prepare.
Now Warsh says: say nothing—let the market figure it out from the inflation data!
The result?
U.S. inflation came in at 3.7% yesterday, and the odds are now 50/50 on whether they'll raise rates in October... and the market is going crazy! 📈📉
That's why Bitcoin is so volatile today.
Question: Do you think Warsh's decision is right? Should the market learn to stand on its own, or should the Fed provide guidance?
#WarshPushesToScaleBackForwardGuidanceAndDotPlot #BTC #Fed #Crypto $BTC