
Warsh unveils new Fed policy era at IMF stage in Bangkok, drops forward guidance
- —Fed ends forward guidance and won't pre-forecast the October and December FOMC meetings
- —Warsh calls AI the biggest economic shift of his lifetime, with a 12–18 month transition
- —Over the next 100 days Warsh will focus on supervision of financial institutions and payment systems
- —Warsh says the era of "secular stagnation" is officially over amid a broad US investment boom
Why it matters: Dropping forward guidance raises uncertainty and volatility around FOMC meetings, adding pressure on risk assets including crypto.
Source: Siam Blockchain