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Warsh-Led Fed Releases Second FOMC Statement

CNBC ·

  1. 1The Fed released its FOMC statement on Wednesday, marking the second statement under Chair Kevin Warsh's tenure.
  2. 2The June statement was approximately 130 words, shorter than recent statements that exceeded 300 words, and included no forward guidance or voting information.
  3. 3Warsh said he has made the statement shorter and simpler because forward guidance is unsuitable for the current policy phase.

Source CNBC · View original ↗

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