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What Changes Will Warsh Bring to the Fed?
As everyone knows, on Wednesday evening,
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As everyone knows, on Wednesday evening, the FOMC concluded its fourth "equatorial" meeting of the year, marking the first for Kevin Warsh as head of the central bank. The new chairman started the next phase of his career quite dramatically. Previously, Warsh had repeatedly criticized the central bank for its overly extensive communication regarding monetary policy. In his view, the Federal Reserve should limit itself to providing the decisions made and a brief summary of economic forecasts. Warsh viewed the
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Chin Zhao,
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