Dudley Slams Warsh's Silence on Interest Rate Decision

Former Federal Reserve Bank of New York president Bill Dudley reacted to Fed Chairman Kevin Warsh's recent news conference, where he left interest rates unchanged.

Dudley stated on 'Bloomberg Surveillance' that Warsh's silence was 'quite deafening', implying a lack of transparency in the decision-making process.

Markets have been responding negatively to this perceived loss of credibility, with some questioning the Fed's ability to effectively manage monetary policy.