Politics
Warsh Taps Ex-BOE Chief King for New Fed Communications Task Force
Key Points
Central Banks Warsh Taps Ex-BOE Chief King for New Fed Communications Task Force Federal Reserve Chairman Kevin Warsh has tapped former Bank of England Governor Mervyn King to co-chair the US central bank’s new task force on communications. Warsh is making a shake-up of how the Fed communicates a key plank of his leadership, and has vowed to rethink how officials signal their outlook for monetary policy to both the public and investors. He also has not committed to holding a press conference...
Central Banks
Warsh Taps Ex-BOE Chief King for New Fed Communications Task Force
Federal Reserve Chairman Kevin Warsh has tapped former Bank of England Governor Mervyn King to co-chair the US central bank’s new task force on communications.
Warsh is making a shake-up of how the Fed communicates a key plank of his leadership, and has vowed to rethink how officials signal their outlook for monetary policy to both the public and investors. He also has not committed to holding a press conference after every Fed interest-rate decision, and in the past has encouraged policymakers to reduce the volume of speeches they give.