Warsh's silence: Fed drops forward guidance, forcing markets to read data blind

Since becoming Fed chair in 2026, Kevin Warsh dropped forward guidance — signaling the expected path of interest rates over coming quarters (Reuters, Aug. 12). Without it, rate expectations swing more sharply around FOMC meetings, Treasury auctions, and CPI prints. Investors hope his Friday Jackson Hole keynote offers an inflation roadmap, though his record suggests he won't.