Federal Reserve Chair Kevin Warsh has signalled a potential overhaul of the US central bank's communications strategy after opting not to submit his own interest-rate projection in the Federal Reserve's latest Summary of Economic Projections (SEP), marking a significant departure from longstanding practice, Reuters reported.
According to Reuters, the Fed's quarterly "dot plot," released alongside Wednesday's policy decision, featured projections from only 18 policymakers despite the Federal Open Market Committee (FOMC) having 19 participants. Warsh chose not to include his own forecast, citing his longstanding reservations about the current structure of the SEP.
