Subject: Re: A potential Fed overhaul
This is good:

Warsh may have signaled a potential return to pre-2000 times in suggesting that forward guidance “has little role to play in normal times.”
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“Moving markets with rolling Fed incantations is tempting, but unhelpful to the Fed’s deliberations, and ultimately, to its mission,” Warsh said last year.
“The central bank should find new comfort in working without applause and without the audience at the edge of its seats.”