Warsh's push to curb Fed guidance alarms investors (opens in new tab)

Federal Reserve Chair Kevin Warsh is moving to reduce the central bank’s forward guidance, a shift investors warn could make Treasury markets more volatile and raise U.S. borrowing costs. After chairing his first Federal Open Market Committee meeting on June 17, Warsh said the Fed would revamp several tools it uses to signal the likely path of interest rates and indicated he may eliminate the dot plot of policymakers’ rate projections. Warsh did not submit his own rate-path projection at the ...