Warsh Keeps Mum on FOMC Plans, Economist Sees 'Teething Process'
Federal Reserve Chairman Kevin Warsh has again kept his plans under wraps ahead of the upcoming Federal Open Market Committee meeting. Despite repeated reminders that he won't provide forward guidance, Warsh may start outlining a clearer framework for decision-making.
Randy Kroszner, an economist at the University of Chicago's Booth School of Business, noted that 'it's a teething process.' According to him, Kevin Warsh doesn't want to offer forward guidance and is still learning what data the market needs to feel comfortable with his framework.
Marketplace host Kristin Schwab spoke with Kroszner about important data points for Warsh's decision-making. However, they didn't reveal any specific details or predictions about next week's FOMC meeting.