Federal Reserve activism and guidance in the Warsh era
Bloomberg reports that Oaktree co-chair Howard Marks favors less Fed communication as Chair Kevin Warsh seeks to curb guidance he says has hamstrung the central bank.
TLDR
Oaktree Capital Management co-chair Howard Marks would prefer a less activist Federal Reserve and less communication from it, Bloomberg reports. His preference comes as Fed Chair Kevin Warsh works to curtail some guidance that Warsh says has hamstrung the central bank in recent years.
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