Federal Reserve watchers expect Kevin Warsh to begin revamping the central bank’s rate guidance as soon as this month, as the newly appointed chair embarks on a sweeping overhaul of the institution.
Several former top officials said that they expected Warsh, whom President Donald Trump swore in to succeed Jay Powell as Fed chair in May, to begin rolling back the central bank’s “forward guidance” on interest rates as soon as the mid-June Federal Open Market Committee meeting.
Warsh could refrain from submitting a forecast for interest rates as part of the central bank’s quarterly “dot plot” that highlights officials’ views on the best path of rates, some of the former officials said.