Vosh: La Reserva Federal debería reducir gradualmente la orientación prospectiva

Golden Finance reports that on April 21, Fed Chair nominee Waller believes the Fed should reduce reliance on forward guidance and warns that excessive transparency could hinder policy flexibility when circumstances change. He said: “The Fed reveals to the world… what their forecast will be,” but “the Fed’s insistence on forecasting for too long” is related to the delayed response to inflation surges during the pandemic from 2021 to 2022. In his view, reducing commitments will help achieve more flexible decision-making because “if the Fed waits until a meeting to make a decision, this gradual assessment process can avoid the central bank constantly making mistakes.” He sees this as part of a broader reform agenda and added: “I think these changes are very necessary, and if confirmed, I look forward to implementing them.”