Federal Reserve Chair Kevin Warsh said on Friday that even though recent inflation readings have been "better than expected, they do not tell me that underlying trends have meaningfully improved." However, he did not offer guidance about the central bank's next moves, speaking against "oversharing" policy deliberations.
Speaking in the Fed's annual symposium in Jackson Hole, Warsh said forward guidance "has overstayed its welcome" and "should not indulge a regime where market participants are looking at the Fed for their next trade."
