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DIFFERENT FOCUS
NPR Economy and Bloomberg Markets emphasized Market Uncertainty, Clarity Lacking; Fox Business emphasized Anti-Forward-Guidance, Price Focus.
LEFT FOCUS
- ▸Investors and economists were hoping Warsh would clarify his approach to incoming economic data. — NPR Economy
- ▸Warsh did not clearly spell out a forward path for rates despite reiterating his inflation commitment. — NPR Economy
- ▸Longer-dated bond yields stabilized even as short-term yields surged on the inflation pledge. — Bloomberg Markets
RIGHT FOCUS
- ▸Warsh argued forward guidance should be limited to periods of economic or financial crisis. — Fox Business
- ▸Warsh said limited labor supply growth is depressing monthly jobs figures but the market remains at full employment. — Fox Business
- ▸Warsh's speech helped clarify his views on forward guidance for some critics who had been skeptical of his approach. — Fox Business
