Former Fed Vice Chair: Warsh Must Collaborate with FOMC Committee to Implement Changes

Odaily News Former Federal Reserve Vice Chair Clarida stated that Warsh has achieved remarkable accomplishments and is highly respected. It is possible to implement monetary policy without forward guidance. Warsh must collaborate with the FOMC committee to bring about changes. The Fed Chair almost always gets their way; this will be the Fed under Warsh's leadership. It is appropriate for the Fed and the Treasury to engage in dialogue regarding balancing objectives. (Jin10)