Warsh's Silence Sparks Uncertainty at the Federal Reserve

Federal Reserve Chairman Kevin Warsh's second press conference this week left many in confusion. Reporters and economists, including Jai Kedia, were perplexed by the lack of clear guidance.

The markets initially reacted negatively to what they could decipher from the chairman's statements.

The unease surrounding the Federal Reserve can be attributed to its inability to establish an objective framework for setting its federal-funds rate target.