According to Odaily, citing Jinshi, Federal Reserve Chair Warsh said he is unable to provide any forward guidance on the next course of action. He stated that the Federal Reserve has already abandoned forward guidance, meaning he cannot give advance indications about subsequent policy steps.
Warsh also said that his personal dot plot submission is not helpful for policy implementation. The dot plot is commonly used to present individual policymakers’ views on the path of interest rates, but in this statement Warsh emphasized that his own submission does not provide practical help for carrying out policy.
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