Fed's Warsh seeks to avoid forward guidance. His colleagues aren't listening

Federal Reserve Chair Kevin Warsh has sought to move the central bank away from forecasting its policy decisions during his four-plus months in charge. But after the Fed raised interest rates earlier this month, multiple officials have indicated future hikes are coming. “If the economy evolves in a manner broadly consistent with my forecast, one...

Federal Reserve Chair Kevin Warsh has sought to move the central bank away from forecasting its policy decisions during his four-plus months in charge. But after the Fed raised interest rates earlier this month, multiple officials have indicated future hikes are coming. “If the economy evolves in a manner broadly consistent with my forecast, one...