Warsh omits his dot plot forecast for second time, announces Fed communication reform
- —The Fed's dot plot for 2026 and 2027 shows 18 projections instead of 19
- —Warsh has not submitted his rate for the second time in a row — after the first FOMC in June
- —A new Fed communications committee will review the dot plot, press conferences and minutes
- —Warsh believes the Fed should reduce forward guidance on the rate path
Why it matters: Reduced Fed transparency and a possible abandonment of the dot plot will complicate assessment of future rates, raising uncertainty for the crypto market.
Source: Bloomingbit