Warsh's Need to Build Consensus Seen Limiting Fed Changes -- Market Talk

Dow Jones04-22 21:45

0945 ET - While Kevin Warsh favors substantial regime changes at the Fed and to its communication strategy--any changes he would want to implement would be tempered by the need to forge a consensus among Fed officials, a note from Oxford Economics says. "The Fed chair can't make such changes unilaterally," Oxford says. "We expect the need for Warsh to build consensus would limit the extent of changes in policy or how the Fed communicates." Potential changes to the Fed's communication strategy could include reducing the number of Federal Open Market Committee meetings per year and not committing to press briefings after each FOMC meeting. Warsh also objects to the use of forward guidance as a policy tool along with the publication of economic forecasts, the note adds.(jessica.coacci@wsj.com)

(END) Dow Jones Newswires

April 22, 2026 09:45 ET (13:45 GMT)

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