NewsMV
The heads of the European Central Bank, Bank of England, Bank of Canada and the U.S.
Federal Reserve arrived at the same conclusion at the ECB's annual conference in Sintra, Portugal: central banks should tell markets less about where rates are going.
The degree of alignment is striking, and it points to Kevin Warsh's arrival at the Federal Reserve reshaping not just American monetary policy but the global framework conversation.
A Shared Rejection of Rate Signaling Christine Lagarde said she regrets having felt "bound and compelled by forward guidance" during her tenure as ECB president.
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